Bitcoin price jumps to $81.5K as US GDP data beats expectations

What happened: Bitcoin rebounded above $81,000 after the Wall Street open as strong US GDP data and in-line PCE inflation data offset Alphabet's Q3 earnings miss. Key numbers: BTC reached $81,547 on Bitstamp after falling to $79,607. PCE rose 0.5% month-on-month and 3.6% year-on-year, with core PCE up 3.1%. Q3 GDP came in at 3.4% versus 3.2% expected. Why it matters: Analyst Rekt Capital sees $81,400 as the nearest hurdle, saying BTC needs to reclaim it by the weekly close. Chris Rupkey said real GDP bounced back above a 3% run rate for the first time in a year. Coverage: 3 outlets in 24h

Bitcoin rebounded above $81,000 after the Wall Street open as strong US GDP data and in-line PCE inflation data offset Alphabet's Q3 earnings miss.

Analyst Rekt Capital sees $81,400 as the nearest hurdle, saying BTC needs to reclaim it by the weekly close. Chris Rupkey said real GDP bounced back above a 3% run rate for the first time in a year.