Bitcoin and Asian Stocks Rise as China GDP Tops Forecasts
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin, Nasdaq futures and Asian equities advanced as better-than-expected Chinese growth data and lower oil prices supported risk appetite.
Bitcoin rose alongside Nasdaq futures and Asian stocks as investors responded to stronger-than-expected economic growth in China.
South Korea’s Kospi joined the gains, with the advance spanning both cryptocurrency and traditional equity markets.
Falling oil prices also helped bolster appetite for risk assets. The moves came as markets weighed China’s GDP figures against expectations.
Source: CoinDesk
