Bitcoin (BTC) bulls are back in control after US GDP data reveals the economy shrank in Q1 2025

Crypto market saw major volatility over the past 24 hours, but Bitcoin bulls are back in control after U.S. GDP data had mixed implications for the Federal Reserve.

Crypto traders were closely following any cues that could hint at a potential pivot by the Fed, with a reduction in interest rates and an early end to quantitative tightening in 2025 being closely anticipated.

After a bleak first quarter saw the U.S. economy shrink by 0.2%, setting the stage for a recession, the second quarter saw a slight improvement with 0.3% growth. Economists had anticipated a steeper decline of 0.5% for Q1 and a rise of 0.7% for Q2.

The smaller-than-expected decline in Q1 2025 could bode well for crypto, as it might prompt the Fed to adjust its monetary policy earlier than anticipated.

“Today, US GDP data came in lower than expected, but that’s actually a bullish sign. The reason is that it’ll force the FED to pivot early by doing rate cuts and even QE,” crypto analyst Tedpillows wrote on X.

Bitcoin is currently trading at $94,700 after touching lows of $93,000 following the release of the data.

The fact that Bitcoin has recovered so strongly is a positive sign, reflecting an overall optimistic sentiment in the market. This could lead to strong price rallies in the coming weeks, so what are the best cryptos to buy now?

Virtuals Protocol

Virtuals Protocol is an AI agent launchpad on the Base and Solana blockchains. The project allows anyone to create an AI agent and a corresponding token with a couple of lines of text. It’s used by both novice and sophisticated AI developers.

The project recently launched a feature called Genesis Launches, which is designed to incentivize people to launch AI agents on the platform. The launches also follow a fair and transparent token distribution structure.

This is a major distinction from one of the other common launch methods, Pump.fun, which is largely used by scam projects and is dominated by insiders who use sniper bots to discreetly buy the bulk of the token supply before the launch.

Several prominent agents, including G.A.M.E, aixbt, and Luna, have already launched using the Virtuals Protocol toolkit.

However, dozens more are set to be released on Genesis Launches, so we could soon see a new batch of AI agents begin to reshape the market.

Best Wallet Token

On cryptos that could reshape the market, Best Wallet Token possesses serious potential. It’s a new crypto that powers Best Wallet, a next-generation crypto wallet.

But Best Wallet isn’t just a place to store your crypto; it’s packed with innovative features that allow users to do everything from futures trading to researching and buying new presales.

Another thing that separates Best Wallet is that it supports over 60 blockchains, including Bitcoin, Ethereum, Solana, and XRP.

It’s a setup that could attract a huge user base and drive serious demand into $BEST. That’s because the token offers advantages such as trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects.

And right now, investors can buy in via its token presale, which has raised $11.9 million so far.

With strong presale momentum and a robust use case, there’s every chance that $BEST explodes in the coming months.

Fartcoin

The crypto market has been heating up lately. Several cryptos have achieved weekly gains of 100% or more recently, and Bitcoin’s resilience in bouncing back from bearish U.S. GDP news highlights the strong bullish sentiment among investors.

And during periods of bullishness, meme coins often take center stage. This is due to the fact that rising crypto prices typically boost investor confidence, leading them to become less risk-averse.

As a result, they might be inclined to take on more daring trades, which is precisely where meme coins come into the picture. These tokens are renowned for their volatility, a factor that usually attracts heightened interest from traders.

Looking ahead, Fartcoin (GAS) could be one of the top performers. It’s the best-performing meme coin today and the second-best performing top 100 crypto after VIRTUALS, rising by 11%.

Fartcoin has also been on fire in recent months, surging nearly 5x higher than its March lows. It’s outperforming the market on all time frames, a sign that investors are interested in the token.

Solayer

Fartcoin is built on the Solana blockchain, Best Wallet supports Solana, Virtuals Protocol operates on it, and countless other breakout apps and tokens do, too.

There’s a running theme here: Many of the hottest crypto projects are linked to Solana. The reason is