Markets· ★★★· bullish·

Bitcoin spikes to $83.3K as US stocks rise on Q3 earnings, oil falls

  • —BTC hit $83,300 before reversing at a 21-day trend line
  • —Strong Q3 corporate earnings boosted US stock markets
  • —Falling oil prices also supported the crypto market
Why it matters: Bitcoin's correlation with equities persists: strong earnings and weaker oil support risk appetite, but the trend line caps further upside.
#BTC
Source: Cointelegraph
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