U.S. October new home sales surged to 737,000 units, beating expectations of 716,000 and climbing from September's 711,000—marking the strongest performance since September 2024. The uptick signals resilient housing demand despite economic headwinds. For crypto traders, this data matters because stronger housing metrics ease Fed pressure to cut rates aggressively, potentially extending the current interest rate environment. Economic data like this shapes market sentiment on risk assets, including Bitcoin and altcoins, as investors weigh recession risks against inflation concerns and monetary policy trajectories.