According to The Kobeissi Letter on Twitter, the Atlanta Fed has revised its US Q1 2025 real GDP growth estimate downward from -2.4% to -2.7%. After adjusting for gold imports and exports, the contraction is now seen at -1.5%. This update signals that the US economy is just one quarter away from a technical recession if these numbers are confirmed. For crypto and gold traders, this increased risk of recession could trigger heightened volatility, capital flight to safe-haven assets like gold, and potential short-term bearish sentiment in risk-on cryptocurrencies (Source: The Kobeissi Letter, Twitter, April 29, 2025).