Bitcoin Reaches $81.5K as US GDP Tops Forecasts
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin rose to $81,500, revisiting a key weekly resistance level as US GDP exceeded expectations and stock markets assessed Alphabet’s earnings miss.
Bitcoin climbed to $81,500 as US gross domestic product data came in above expectations, according to Cointelegraph.
The advance brought BTC back to a key resistance level on the weekly chart. The report did not establish whether the price had broken through that level.
Meanwhile, US stock markets were weighing Alphabet’s third-quarter earnings miss, adding a corporate earnings focus alongside the economic data.
Source: Cointelegraph
