The Non-Bitcoin Factors Impacting Bitcoin's Future

US GDP came in at 1.1% quarter on quarter growth, much lower than the expected 2%. The Federal Reserve's preferred inflation index of personal consumption expenditure saw a first quarter increase of 4.9%. This is frustrating resilience after almost 5% inch points of interest rate hikes in 12 months. There are signs that the acceleration in core prices seen in the first quarter is trailing off.