Bitcoin Briefly Tops $81,800 After Strong U.S. GDP Data
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin rebounded after stronger-than-expected U.S. growth figures, while bearish forecasts pointed to a possible decline toward $76,000.
Bitcoin climbed above $81,800 on Thursday after third-quarter U.S. economic growth figures exceeded expectations, according to Bitcoin.com News.
The GDP report from the U.S. Bureau of Economic Analysis helped bitcoin briefly recover losses that followed the Federal Reserve’s decision to leave interest rates unchanged ahead of the U.S. midterm elections.
The move brought bitcoin close to $82,000, but bearish forecasts cited in the report warned of a potential retreat toward $76,000. That level remained a downside scenario, not a confirmed price move.
Source: Bitcoin.com News
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