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Today, US Q3 GDP data came in at 4.3% vs 3.3% expected.
This is the fastest growth in 2 years, but it's short-term bearish for markets.
Strong GDP is not good for crypto, as it lowers the odds of Fed easing.
This is because, if the economy is already expanding quickly, easing policy risks pushing inflation higher again. $BTC $ETH #USGDPUpdate #USGDPDataOnChain