Bitcoin jumps to $82,500, stocks rise as China GDP beats estimates
Summary
Bitcoin traded near $82,500, up 1.3% over 24 hours, as broader markets rebounded on stronger-than-expected Chinese economic data and falling oil prices. China’s third-quarter GDP grew 4.5% year over year, accelerating from 4.3% in the prior quarter, while retail sales rose 1.1%, beating forecasts. Lower oil prices and improved risk appetite supported gains in Asian equities and Nasdaq futures. The report says cheaper oil could ease inflation concerns, though the Federal Reserve is expected to leave rates unchanged this month.
