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Bitcoin hits $82,500 as China GDP beats forecasts

Original: Bitcoin jumps to $82,500, stocks rise as China GDP beats estimates

Bitcoin climbed to $82,500 while stock markets rose after China reported economic growth figures that came in above expectations. The better-than-estimated Chinese GDP data lifted risk sentiment across global markets, boosting both equities and cryptocurrency prices in a broad rally.

Why now: Strong China GDP data is driving a market-wide rally in stocks and bitcoin.

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