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Breaking: U.S. GDP Rises To 4.3% In Q3, BTC Price Climbs

Boluwatife Adeyemi
2 hours ago Updated 1 hour ago
Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
AN image to represent the U.S. GDP while Bitcoin rises

Highlights

  • U.S. GDP rose to 4.3%, the strongest growth since Q4 2023.
  • Bitcoin rose close to $88,000 on the back of the data release.
  • The flagship crypto is still struggling to break above $90,000.

The U.S. economy grew faster than expected in the third quarter of this year, its fastest pace in the last two years. This has provided a bullish outlook for the BTC price, which climbed on the back of the U.S. GDP data release.

U.S. GDP Comes In Stronger Than Expectations, BTC Price Rises

Bureau of Economic Analysis (BEA) data show that the U.S. economy increased at an annual rate of 4.3% in the third quarter of this year. This marks the strongest growth since the fourth quarter of 2023. It also comes in higher than the estimates of 3.3% and the 3.8% recorded in the second quarter. Meanwhile, the real GDP increased by 3.8%.

The U.S. GDP release immediately sparked a surge in the BTC price, with the flagship crypto rising to almost $88,000. CoinGape had earlier reported that the macro data was likely to spark some volatility, even as the crypto market remains on edge.

Bitcoin Daily Chart
Source: Yahoo Finance; BTC Daily Chart

This comes as crypto market investors continue to look to macro data for clues as to where the U.S. economy may be headed in 2026. This data follows the release of the U.S. CPI and jobs data last week, which provided a bullish outlook for the market.

The U.S. CPI data came in at 2.7%, well below expectations, indicating that inflation in the U.S. remains steady. Meanwhile, the jobs data showed the unemployment rate rising, which supports a case for more rate cuts next year and is bullish for the BTC price and broader crypto market.

With the U.S. GDP data out of the way, crypto market investors will now turn their attention to the U.S. jobless claims, which drop tomorrow. This will provide further insights into the current state of the labor market and could strengthen the case for more cuts.

A Good Sign For The Market

In an X post, market commentator Bull Theory stated that the massive growth in the U.S. economy is a good sign, as this continuous growth means ISM will grow and enter the expansion phase, which has historically been bullish for crypto. Bull Theory further noted that the last two major altseasons of 2017 and 2021 started when ISM was above 55.

Bull Theory pointed to the chart, noting that the last three GDP readings resulted in a 4% to 5% short-term correction in the BTC price but that the flagship crypto always pumps back higher. The market commentator added that in the mid and long term, the growing U.S. economy means less risk of recession, which is bullish for all markets.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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