Bitcoin recovers to $82,500 as China data and falling oil lift risk appetite
- —BTC near $82,500, up 1.3% in 24 hours; Nasdaq 100 futures gained over 1%
- —China Q3 GDP rose 4.5% y/y, up from 4.3% in Q2
- —China retail sales climbed 1.1% versus 0.5% expected
- —Dollar index slipped below 102; gold held near $4,180 an ounce
Why it matters: Easing oil prices and firmer Chinese growth improve the odds of Fed rate cuts, a tailwind for risk assets including crypto.
Source: Bloomingbit