PANews reported on April 30 that the US GDP unexpectedly shrank in the first quarter, and US stocks opened sharply lower, with the Dow Jones Industrial Average down 0.59%, the S&P 500 down 1.25%, and the Nasdaq down 2.07%. Large technology stocks plummeted, with Tesla (TSLA.O) down 4.3%, Nvidia (NVDA.O) down 4.4%, and Apple (AAPL.O) down 1.04%.

Among blockchain concept stocks, several major stocks with strong correlation fell by 2-3%.