Bitcoin Jumps to $81.5K on Strong US GDP Data — SkimNews
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- Bitcoin jumped to $81,547 after US Q3 GDP came in at 3.4%, above the 3.2% forecast, reinforcing macro resilience despite elevated inflation.
- US Bureau of Economic Analysis reported September PCE inflation at 3.6% year-on-year and core PCE at 3.1%, aligning with Federal Reserve expectations and supporting market stability.
- Federal Reserve held interest rates steady at 3.75–4% following its FOMC meeting, with Chair Kevin Warsh noting strong economic expansion and elevated inflation.
- Alphabet stock dropped 12% after missing Q3 earnings and revenue estimates, dragging down tech markets even as Bitcoin decoupled from the sector selloff.
- Rekt Capital identified $81,400 as a critical resistance level for BTC/USD, stressing that reclaiming it by the weekly close is necessary for bullish momentum.
Why it matters: Bitcoin’s rally to $81.5K on strong macro data shows growing divergence from tech equities, which sold off on earnings risk. With the Fed holding rates steady and inflation in check, BTC now hinges on holding $81,400 weekly—a level that could determine whether October’s 3.3% drop reverses into year-end strength.
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