Bitcoin Rises Above $82,500 as China GDP Beats Forecasts and Asian Stocks Rebound
Bitcoin traded around $82,500 on Monday as stronger-than-expected Chinese economic data and falling oil prices helped lift sentiment across global financial markets. Nasdaq futures gained more than 1%, while Japan's Nikkei rose 1.8% and South Korea's Kospi advanced 0.6%, extending a broader rebound after last week's losses in technology and AI-related shares.
Bitcoin, the largest cryptocurrency by market capitalization, was up 0.7% since midnight UTC and had gained 1.3% over the previous 24 hours at the time of reporting. The recovery came as investors responded to China's faster economic growth and stronger retail sales, alongside easing oil prices.
China GDP Growth Exceeds Expectations
China's gross domestic product expanded 4.5% year over year in the third quarter, according to data released Monday by the National Bureau of Statistics. The pace was higher than the 4.3% growth recorded in the second quarter.
Retail sales data also indicated stronger consumer demand. Sales of consumer goods increased 1.1%, more than double the 0.5% rise expected and above the previous month's 0.4% increase.
China is the world's second-largest economy and a major importer of industrial commodities. Stronger-than-expected data from the country can support investor confidence and encourage risk-taking across financial markets, including equities and cryptocurrencies.
Bitcoin and Asian Stocks Advance
The positive tone extended beyond cryptocurrencies. Nasdaq futures rose more than 1%, Japan's Nikkei gained 1.8%, and South Korea's Kospi advanced 0.6%. Chinese stocks were up 0.3%.
The gains followed a difficult week for Asian equities, with losses in AI-related shares contributing to the decline. The market rebound was also described as consistent with the VIX's historical tendency to normalize after spikes on Fridays, a pattern that has often coincided with more stable equity trading.
Gold was little changed near $4,180, while the U.S. Dollar Index remained near Friday's lows, below 102.
Falling Oil Prices Ease Inflation Concerns
Oil prices declined on both sides of the Atlantic, reversing part of the previous week's gains. Reuters attributed the move to expectations that President Donald Trump's waiver related to Russia would increase oil supply. Geopolitical risks in the Middle East nevertheless remained a concern.
A sustained decline in oil prices could help ease inflation pressures and potentially give the Federal Reserve more room to reduce interest rates. Lower energy costs can influence inflation expectations, although the effect on monetary policy depends on broader economic conditions.
Federal Reserve Rate Outlook Remains in Focus
At the time of reporting, the Federal Reserve was expected to keep its benchmark interest rate unchanged in a range of 4.75% to 5% during the month. The central bank had raised rates by 25 basis points in the previous month.
For cryptocurrency and equity markets, the combination of stronger Chinese economic data, lower oil prices and expectations for U.S. monetary policy remained central to the shift in risk sentiment. Whether the rebound continues will depend on how investors respond to incoming economic data and geopolitical developments.
source: coindesk
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Check out other news and articles on Google News
Disclaimer:
The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.