Macro· ★★★· bearish·

US GDP beats at 3.4% as PCE inflation hits 3.6%; bitcoin holds near $80K

  • —Q3 GDP rose 3.4% year over year versus 2.2% in Q2
  • —Equipment investment climbed 12.7%, the fastest since 2020
  • —September PCE +0.5% m/m; annual core inflation at 3.6%
  • —BTC at $80,029, down 0.71% in 24 hours after dipping to $79.5K
Why it matters: Hot growth and sticky inflation reinforce bets on a December Fed hike, a headwind for bitcoin and risk assets.
#BTC
Source: Blockmedia
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