7 PM After-Hours Flash: Bitcoin Holds Below 80K After US GDP Data | Q4 GDP Growth Beats Prior Pace | Price Index Eases From 3.4%
Bitcoin is trading at 79,402 dollars, down 1.6 percent over the past 24 hours and holding just below the key 80,000 dollar level as traders digest fresh US growth data. Preliminary fourth-quarter GDP figures show the economy expanding at a solid pace while capital expenditure and private consumption both came in ahead of the prior readings. The GDP price index eased from 3.4 percent, pointing to some cooling in underlying pressures. In the Asian market, regional equities are taking their cue from the softer inflation component with European pre-market futures pointing to a modestly firmer open. That leaves US traders watching how the growth mix influences tomorrow's SPX open and whether the VIX can hold below 18. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.