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

BTC price action returned to a key weekly resistance level as US stock markets digested Alphabet’s Q3 earnings miss.

Bitcoin (BTC) rebounded above $81,000 after Thursday’s Wall Street open as US GDP numbers stayed strong and inflation data conformed to estimates.

Key points:

Data from TradingView showed BTC/USD reaching $81,547 on Bitstamp after dropping as low as $79,607 following Wednesday’s daily close.

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