Bitcoin Jumps to $81.5K on Strong US GDP Data — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin jumped to $81,547 after US Q3 GDP came in at 3.4%, beating 3.2% expectations, and PCE inflation matched estimates at 3.6% year-on-year.
- Federal Reserve held interest rates steady at 3.75-4% amid strong economic activity, with Chair Kevin Warsh noting inflation remains elevated but domestic spending resilient.
- US economy posted robust growth in Q3 2026, rebounding above a 3% annualized rate for the first time in a year, according to the Bureau of Economic Analysis.
- Rekt Capital identified $81,400 as a critical resistance level, stressing that Bitcoin must reclaim it by the weekly close to maintain bullish momentum.
- Alphabet stock fell 12% after missing Q3 earnings and revenue forecasts, yet Bitcoin's price action decoupled from the broader tech sell-off.
Why it matters: Bitcoin’s rally to $81,547 on strong macro data shows growing divergence from tech equities like Alphabet, which dropped sharply on weak earnings—highlighting a shift where crypto increasingly reacts to interest rate and inflation signals rather than equity market volatility. This strengthens the case for BTC as a macro-sensitive asset ahead of the monthly close, which would otherwise mark a 3.3% October decline.
Ask SkimNews
