Bitcoin rallied above $81,000 after US GDP data surprised to the upside, while markets digested Alphabet’s earnings miss.

Bitcoin surged past the $81,000 mark on Thursday, driven by stronger‑than‑expected US macro data and a muted reaction to Alphabet’s disappointing third‑quarter earnings. The digital asset reached $81,547 on Bitstamp, reclaiming a key weekly resistance level that had held since the previous session.

US macro data fuels the rally

• Personal Consumption Expenditures (PCE) index rose 0.5% month‑on‑month and 3.6% year‑on‑year, matching the Fed’s preferred gauge.
• Q3 GDP was revised to 3.4% annualised, above the 3.2% consensus.
• The Federal Reserve kept rates steady at 3.75‑4% and chair Kevin Warsh highlighted “strong” economic expansion despite geopolitical risks.

Market reaction and technical outlook

• Alphabet (GOOGL) fell 12% after missing earnings and revenue expectations, pulling US equity markets lower at the open.
• Analyst Rekt Capital flagged $81,400 as the next hurdle; a close above that level would confirm weekly strength.
• Crypto‑specific resistance remains near $81,400‑$81,800, with a break above $85,000 seen as a longer‑term test.

What traders are watching next

• Whether BTC can hold above $81,400 by the weekly candle close.
• Upcoming US inflation releases and any Fed commentary for clues on future rate policy.
• Potential reaction to the next earnings season, especially from large‑cap tech names.

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This article is compiled from international market news for information only. It is not investment advice.