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Bitcoin price reclaims $80K as US GDP beats forecasts

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Bitcoin price reclaims $80K as US GDP beats forecasts

Bitcoin price has reclaimed $80,000 after an earlier dip as US GDP growth beat forecasts and core PCE inflation remained elevated ahead of the Fed's next decision.

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust-11.5% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.

  • TIP iShares TIPS Bond ETF-0.5% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • COIN Coinbase Global-28.7% 30d

    Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MSTR Strategy-22.5% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MARA MARA Holdings-9.9% 8d

    MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • RIOT Riot Platforms-47.1% 30d

    Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • WMT Walmart+14.9% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IBIT-0.20%-2.02%base-0.91%-6.00%after closeafter close
TIPNo price data for this ticker———————
TLT+0.89%+0.83%base+0.66%+1.04%after closeafter close
COIN+4.15%-1.75%base-1.02%-11.79%after closeafter close
MSTR+0.44%-3.70%base-2.49%-10.12%after closeafter close
MARA-1.36%-7.07%base-2.72%-8.15%after closeafter close
RIOT-10.91%-12.91%base-5.25%-11.67%after closeafter close
WMTNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Bitcoin price reclaims $80K as US GDP beats forecasts Crypto News

Source: Crypto News

This story

CompanyWhenMoveStatus
COINthat day-1.02%final price
COINthe next day-11.79%final price
COINthree days earlier-1.75%final price
COINfive days earlier+4.15%final price
IBITthat day-0.91%final price
IBITthe next day-6.00%final price
IBITthree days earlier-2.02%final price
IBITfive days earlier-0.20%final price
MARAthat day-2.72%final price
MARAthe next day-8.15%final price
MARAthree days earlier-7.07%final price
MARAfive days earlier-1.36%final price
MSTRthat day-2.49%final price
MSTRthe next day-10.12%final price
MSTRthree days earlier-3.70%final price
MSTRfive days earlier+0.44%final price
RIOTthat day-5.25%final price
RIOTthe next day-11.67%final price
RIOTthree days earlier-12.91%final price
RIOTfive days earlier-10.91%final price
TLTthat day+0.66%final price
TLTthe next day+1.04%final price
TLTthree days earlier+0.83%final price
TLTfive days earlier+0.89%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Bitcoin price reclaims $80K as US GDP beats forecasts” looks

12 out of 100

“Bitcoin price reclaims $80K as US GDP beats forecasts” scores 12 out of 100. The score uses 1 sources.