Bitcoin price spikes to $83.3K as US stocks rise on Q3 earnings, oil falls
Summary
Bitcoin rose 1.5% to about $83,000 during US trading, its highest level since Oct. 14, then retreated toward $82,000. The move tracked gains in US stocks after General Motors and 3M reported stronger-than-expected earnings; oil prices also eased after briefly topping $100 a barrel. Bitcoin’s advance triggered $125 million in short liquidations, while exchange open interest climbed 2.1% to $53.86 billion, its highest since Oct. 8. A market analyst identified the 50-day moving average near $81,570 as support and the 21-day average near $83,230 as resistance.
