Macro· ★★★· bullish· October 19, 10:36

Bitcoin, Nasdaq futures rally as China GDP beats estimates

—China GDP came in above expectations, boosting risk assets
—Nasdaq futures and Asian gauges including Kospi advanced
—Falling oil prices added to the risk-on mood

Why it matters: China macro data and oil prices set the tone for risk appetite, which drives bitcoin's near-term direction.

Source: CoinDesk

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