Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat

Bitcoin extended gains to approach $85,000 after US stock markets reacted to higher-than-expected SpaceX earnings. Bitcoin (BTC) passed $84,000 after Wednesday’s Wall Street open as US stocks added to gains on more strong corporate earnings reports. Data from TradingView showed BTC/USD gaining nearly 2% on the day as markets reacted to a significant Q3 earnings beat from SpaceX. After the market close on Tuesday, SpaceX reported a Q3 revenue of $14.6 billion, up 161% year-on-year and beating expectations by nearly 15%. The net income of the company was $4.4 billion for the quarter.