Bitcoin Price Spikes to $81,500 After Strong US Macro Data
6 Articles
6 Articles
The bitcoin briefly recovered $81,000 after the publication of US PCE inflation, in line with expectations. Behind this limited rebound, however, historical data shows that this indicator rarely gives a sustainable direction to the crypto market. The Bitcoin article: The price goes back to $81,500 after the U.S. economic figures appeared first on Cointribune.
Bitcoin Price Rises to $81,547 as US GDP Beats Forecasts
Bitcoin (BTC) rebounded above $81,000 on Thursday, reaching $81,547 after stronger-than-expected US economic growth data boosted market attention. The cryptocurrency recovered from a low of $79,607 as investors assessed inflation figures and the latest corporate earnings reports. US third-quarter GDP growth came in at 3.4%, exceeding the 3.2% forecast. Meanwhile, the Personal Consumption Expenditures (PCE) […]
Bitcoin Price Briefly Nears $82K, but Bears Warn of a Drop Toward $76K
Bitcoin surged past $81,800 following stronger-than-expected third-quarter U.S. GDP data, briefly reversing losses triggered by the Federal Reserve’s decision to hold interest rates steady ahead of the U.S. midterm elections. Strong GDP Growth Drives Temporary Rally Bitcoin rallied Thursday after new data from the U.S. Bureau of Economic Analysis showed U.S. gross domestic product (GDP) […]
Crypto Breaking News
BITRSSBitcoin Surges to $81.5K After Strong US GDP Data Beat
Bitcoin jumped back above $81,000 after the Wall Street open, aided by a batch of US macro data that broadly matched expectations for inflation while pointing to firmer economic growth. The move also came as equities slid early in the session, with technology under pressure following Alphabet’s earnings miss. On-chain and exchange-level price action showed [...]
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