Bitcoin's price climbed to $84,600 as US stock markets gained momentum after SpaceX reported better-than-expected earnings for the third quarter. The positive market reaction to SpaceX's Q3 results helped lift investor sentiment across both equities and cryptocurrencies, according to CoinTelegraph.
The rise in Bitcoin highlights the growing correlation between traditional markets and digital assets, with gains in major US stocks often supporting bullish moves in crypto. SpaceX's strong earnings report served as a catalyst for this broader market optimism.
For Japanese investors, this development underscores the importance of monitoring US corporate earnings and their impact on global markets, including FX and crypto, as such events can influence asset prices and trading strategies domestically.