BTC Moonwalks to $83.3K While Oil Skids Nearly 5% on Earnings Day
Bitcoin ($BTC) spiked to $83.3K on Tuesday, reclaiming $82K and returning above $83,000 after the Wall Street open. The gain came as US stocks advanced, with Bitcoin adding as much as 1.5%.
The crypto move tracked a broader equity rally fueled by strong earnings reports. US stocks gained after some companies posted higher-than-expected Q3 earnings results.
Oil moved in the opposite direction, hitting $101 per barrel early on Tuesday before dropping nearly 5% in hours as equities gained.
Bitcoin’s price action sought to challenge the 21-day simple moving average (SMA) at $83,230.
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