Bitcoin rebounds above $81,000 after strong US GDP data beats expectations

Bitcoin surged above $81,000 following the release of stronger-than-expected US Q3 GDP data of 3.4% and PCE inflation at 3.6% year-on-year. The rally dismissed Alphabet's earnings miss and pushed BTC to $81,547 on Bitstamp, though analysts note the $81,400 level must be reclaimed by the weekly close to confirm the trend.