Bitcoin climbs above $81,000 as US Q3 GDP beats forecasts
Bitcoin surged to an intraday high of $81,547 after the U.S. Bureau of Economic Analysis reported third‑quarter GDP growth of 3.4% annualised, topping the 3.2% consensus. The Personal Consumption Expenditures price index rose 3.6% year‑over‑year, matching expectations, while the Federal Reserve kept its policy rate in the 3.75%‑4.00% range. The rally followed a brief dip below $80,000 triggered by a sharp sell‑off in Alphabet shares.
Why it matters
The price jump shows Bitcoin’s sensitivity to U.S. macro data, suggesting further moves could follow upcoming economic releases. Spot Bitcoin ETFs attracted $423.66 million of inflows over three sessions, indicating strong investor demand.
Key facts
- 1U.S. third‑quarter GDP expanded at an annualised 3.4%, beating the 3.2% consensus. crypto.news
- 2The PCE price index rose 3.6% year‑over‑year in September. crypto.news
- 3Bitcoin reached an intraday high of $81,547 on Bitstamp. tradingview.com
- 4Bitcoin briefly fell below $80,000 before rebounding. crypto.news
- 5Spot Bitcoin ETFs recorded inflows of $423.66 million across three sessions. crypto.news
- 6The Federal Open Market Committee left the federal funds rate target range at 3.75%‑4.00%. crypto.news
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.