Crypto Markets Rebound: Bitcoin Tops $82K on China GDP and Futures Rally
Photo: Cryptopress
Bitcoin has extended its recovery, trading around $82,500 to $82,700 after a weekend dip near $80,700. The bounce is fueled by China’s third-quarter GDP growth beating estimates at 4.5% year-on-year, stronger retail sales, a rebound in Nasdaq 100 futures after last week’s tech selloff, and easing oil prices. Altcoins outperformed, with the CoinDesk 80 gaining more than the bitcoin-heavy CoinDesk 5, and DeFi tokens leading sector gains. This macro relief comes after a rough week of inflation pressures (US CPI at 3.7%) and AI spending concerns that weighed on risk assets.
Source: Cryptopress
