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Bitcoin and Asian stocks rally as China GDP beats estimates

Original: Bitcoin, Korea’s Kospi and Nasdaq futures rally as China GDP beats estimates

Bitcoin, South Korea's Kospi and Nasdaq futures rose after China reported economic growth figures that came in above expectations. China's stronger-than-estimated GDP is being read as a positive signal for global risk assets, lifting cryptocurrency and equity markets alike, with traders responding to the data in early Asia-Pacific trading.

Why now: China's stronger-than-expected GDP data boosted risk sentiment, driving simultaneous gains in crypto and stock futures.

BitcoinChinaKospiNasdaqLCX Exchange

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Evidence

• Bitcoin, Korea’s Kospi and Nasdaq futures rally as China GDP beats estimates · LCX Exchange

API: https://socialmediatrends-api.osmike.com/v1/trends/2828877