Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat
Summary
Bitcoin rose nearly 2% to about $84,600 during Wednesday’s US trading session as equities advanced. SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year and nearly 15% above expectations, with net income of $4.4 billion. Analysts said the results eased concerns about AI-related corporate spending. Bitcoin broke above its four-hour 200-period moving average near $83,878, while crypto short liquidations approached $110 million over four hours. Trader Rekt Capital said BTC needed a daily close above $83,400 to target the top of its local range; a rejection could push it below $82,500.
