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#FedHODL BTC price taps $106K as US GDP miss boosts Bitcoin bull case Bitcoin continues to flirt with a breakout toward all-time highs as macro tailwinds strengthen. Bitcoin $BTC sought to preserve $105,000 at the Jan. 30 Wall Street open as US Q4 GDP delivered a “big miss.” Bitcoin gains as focus switches to US PCE print Data from Cointelegraph Markets Pro and TradingView showed BTC price strength persevering, with BTC/USD up 2% on the day. The latest US macro data fell considerably short of expectations, with Q4 GDP coming in at 2.3% versus the forecast 2.5%. “Immediate response: Yields down, Dollar down, $ETH vs. $BTC up strongly, Altcoins surging,” Crypto trader, analyst and entrepreneur Michaël van de Poppe wrote in part of a reaction on X, calling the result a “big miss.” “The pendulum starts to change and I think this is going to continue coming period The S&P 500 and Nasdaq Composite Index both opened up around 0.5%, while the US dollar index (DXY) saw a snap dip to 107.5. “As predicted GDP is going lower again,” popular crypto commentator Seth continued in his own X post.
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