Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat
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High US corporate earnings reports boosted stock markets and saw BTC price hit $83,300 before reversing at a 21-day trend line.
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Bitcoin traders braced for inflation-based volatility after BTC price action preserved key weekly support around $82,500.
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Bitcoin dipped below $81,000 and oil prices gained after reports that military confrontation between the US and Iran could return.
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Analysis expects Bitcoin to retest $80,000 support again as stock markets attempt to recover last week’s losses.
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Bitcoin price action preserved overnight gains as US stocks quickly rebounded after opening lower on the back of Korea’s tech-stock rout.
Bitcoin price drops to $82.7K October low as bond sell-off resumes on Iran nerves
Bitcoin fell below $83,000 to reach month-to-date lows as stocks reversed after all-time highs and bond yields spiked higher.