The U.S. economy contracted by 0.3% in the first quarter of 2025, according to the latest GDP report. This unexpected decline contributed to a drop in U.S. stock futures, with the Dow Jones, S&P 500, and Nasdaq 100 all falling sharply. Notably, shares of NVIDIA, Tesla, and Super Micro also declined following the report. The labor market showed signs of weakness as well, with April jobs data revealing only 62,000 new jobs added, the lowest monthly increase since July 2024. Tariff uncertainties have been cited as a factor weighing on hiring plans. In the cryptocurrency market, Bitcoin's price remained relatively flat near $94,000 despite the economic downturn, although trading volume increased by 26%. However, Bitcoin spot volume delta dropped by $300 million over a seven-day average, indicating increased selling pressure. Futures open interest for Bitcoin remained steady. The mixed performance of Bitcoin contrasts with the broader market's negative reaction to the GDP and jobs data.