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Bitcoin and Asian Stocks Rally on Strong China GDP Data
Bitcoin and Asian stocks rallied on Monday as China's gross domestic product (GDP) growth of 4.5% year-on-year in the third quarter beat estimates. The Kospi and Nasdaq futures also rose, with the Nasdaq futures gaining more than 1%. Gold prices remained stable at $4,180, and the Dollar Index held near 102. The decline in oil prices, attributed to expectations of increased supply from President Trump's Russia waiver, supported the rally.