Bitcoin Surges to $81.5K as Strong US GDP Data Boosts Risk Assets

Bitcoin's price climbed to $81,500, reclaiming a key weekly resistance level, after US GDP data exceeded expectations and signaled economic resilience. The rally came as stock markets processed Alphabet's disappointing Q3 earnings, which missed analyst forecasts and raised concerns about tech sector growth. The stronger-than-expected GDP report eased recession fears and boosted investor appetite for risk assets, including cryptocurrencies. Bitcoin's move to $81.5K puts it back at a critical technical juncture, with traders watching whether it can hold above this level to confirm a bullish breakout. The intersection of macroeconomic data and corporate earnings highlights Bitcoin's growing sensitivity to traditional market drivers. If risk sentiment remains positive, Bitcoin could target higher resistance levels in the near term.