Bitcoin price jumps to $81.5K as US GDP data beats expectations
Summary
Bitcoin rebounded above $81,000 after briefly falling below $80,000, reaching $81,547 as US economic data showed Q3 GDP growth of 3.4% and September PCE inflation of 3.6% year over year. The Federal Reserve held rates at 3.75%–4%, describing growth as strong and inflation as elevated. US stocks opened lower, with Alphabet down 12% after missing earnings and revenue expectations. Analyst Rekt Capital identified $81,400 as a key resistance level Bitcoin needs to reclaim by the weekly close; October’s monthly close was on track for a 3.3% decline.
