Live updates: Bitcoin clings to $82,500 as SpaceX results lift stock futures

Bitcoin is hanging just above $82,500 on Wednesday, the level XS.com’s Simon-Peter Massabni calls its most important support, as stock futures climbed on SpaceX’s blowout results and oil pushed back above $110. Bitcoin’s fate is tied to tech again. It fell in lockstep with the Nasdaq last week after the hot U.S. inflation report and a selloff in AI and chip stocks, and Massabni, XS.com’s head of business development, said that link is getting stronger. “In the short term, this development challenges the notion that Bitcoin can consistently serve as an independent safe haven from traditional market volatility,” he said.