Bitcoin Climbs Past $81,000 as Strong GDP Reading Offsets Alphabet-Led Tech Rout

Bitcoin rebounded to $81,547 on Bitstamp after dipping to $79,607, lifted by U.S. data showing third-quarter GDP growth of 3.4% and PCE inflation of 3.6% year over year. The gains came despite a 1.64% drop in the Nasdaq Composite, where Alphabet fell about 13% on a revenue miss and negative free cash flow of roughly $9.1 billion tied to AI infrastructure spending. The Federal Reserve held rates at 3.75%-4%, with Chair Kevin Warsh calling activity strong and inflation elevated. Analyst Rekt Capital identified $81,400 as the key level for bitcoin's weekly close, while October is set to end with a 3.3% decline.