Bitcoin Recovers, S&P 500 Stocks Rise After Negative US GDP, Microsoft, Meta Rise

• Bitcoin Nears $97.000 After GDP Data
• Microsoft, Meta boost SP 500 stocks
• Fed rate cut expectation favors cryptocurrencies

The Nasdaq index led gains in the United States on Thursday, lifted by strong quarterly results from Microsoft (MSFT) and Meta (META), which eased fears surrounding the technology giants amid trade tensions sparked by new tariffs proposed by Donald Trump.

Nasdaq 100 futures rose 1,7%, while the SP 500 rose 1%. Dow Jones futures saw more moderate gains, up 0,7%. The moves were boosted by better-than-expected earnings reports from Microsoft and Meta, whose shares jumped about 9% and 6%, respectively, in premarket trading.

The appreciation occurred amid the release of worrying data on the US Gross Domestic Product, which showed economic contraction in the first quarter of 2025. Despite this, the SP 500 and the Dow managed to close with increases of 0,15% and 0,35%, respectively.

Bitcoin, in turn, started with a slight drop to US$ 92.910, but quickly recovered, reaching close to the US$ 97.000 mark. The recovery reflected the behavior observed on the stock exchanges, indicating the resilience of investors even in the face of the economic downturn.

Analysts point out that this recovery in Bitcoin is linked to the view that the GDP shrinkage may have been a one-off episode, caused by companies that anticipated imports in light of the tariffs imposed by the Trump administration on around 90 countries. The possibility of interest rate cuts by the Federal Reserve has also been a relevant factor for the markets.

Expectations of rate cuts have risen over the week, from 59,8% on April 29 to 63,8% on April 30, according to market data. This optimism has benefited risk assets, including cryptocurrencies.

According to trader Skew, Bitcoin and stock market gains are being supported by “pretty solid revenues from large US companies so far,” which would be generating “some confidence in risk.”