Markets rally as China’s Q3 GDP beats expectations, boosting risk appetite across assets 🌏📈. Bitcoin climbed to around $82,500, gaining 1.3% over 24 hours, while Nasdaq futures surged over 1%. Asian equities also saw gains, with Japan’s Nikkei up 1.8% and South Korea’s Kospi rising 0.6%, recovering from last week’s AI-driven sell-off.
China’s economy expanded 4.5% year-on-year in Q3, surpassing the 4.3% growth in Q2. Stronger retail sales further signaled robust domestic demand, lifting investor sentiment. Meanwhile, oil prices fell amid expectations of increased supply, easing inflation concerns and supporting the possibility of steady US interest rates.
This combination of positive economic data and lower energy costs is fueling renewed confidence in risk assets, including cryptocurrencies and equities. The Dollar Index remains below 102, while gold holds steady near $4,180.
#Bitcoin #CryptoNews #ChinaGDP #Nasdaq #Kospi $BTC $NASDAQ
Source: CoinDesk
China’s economy expanded 4.5% year-on-year in Q3, surpassing the 4.3% growth in Q2. Stronger retail sales further signaled robust domestic demand, lifting investor sentiment. Meanwhile, oil prices fell amid expectations of increased supply, easing inflation concerns and supporting the possibility of steady US interest rates.
This combination of positive economic data and lower energy costs is fueling renewed confidence in risk assets, including cryptocurrencies and equities. The Dollar Index remains below 102, while gold holds steady near $4,180.
#Bitcoin #CryptoNews #ChinaGDP #Nasdaq #Kospi $BTC $NASDAQ
Source: CoinDesk