Bitcoin rises above $84,000 as SpaceX earnings lift tech stocks
Briefing by News4U · First published
Bitcoin climbed toward $85,000 after SpaceX posted a Q3 revenue beat, helping US stocks rebound.
Bitcoin rose above $84,000 and approached $85,000 on Wednesday as US stock futures climbed on SpaceX’s strong Q3 results, with the cryptocurrency gaining nearly 2% on the day. [1] [2]
SpaceX reported Q3 revenue of $14.6 billion, up 161% year-on-year and beating forecasts by nearly 15%, with net income of $4.4 billion; analysts said the results eased concerns over AI spending. [2]
Traders warned that a sustained break below $82,500 could expose Bitcoin to a drop toward $70,000, while a move back above $84,000 would remove that downside scenario. [1]
Sources
- Live updates: Bitcoin rises to $84,000 as SpaceX leads markets higher
CoinDesk · · Full text
- Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat
Cointelegraph · · Full text