Stagflation Fears Weigh on Bitcoin and U.S. Stocks Amid Negative Data

Market sentiment has shifted negatively due to recent economic data, raising stagflation concerns.

ADP jobs report for April indicated 62,000 private sector jobs created, below the expected 108,000 and March's 147,000.
First quarter GDP growth estimate showed a decline of 0.3%, contrary to the anticipated increase of 0.2%.
The trade imbalance reduced GDP growth by nearly 5% in Q1, with increased imports not matched by exports.
The Core PCE price index rose by 3.5%, surpassing the forecast of 3.1%.
U.S. stocks declined: Nasdaq fell by 2%, S&P 500 decreased by 1.5%.
Bitcoin (BTC) decreased by approximately 1% to $94,300.