Bitcoin price spikes to $83.3K as US stocks rise on Q3 earnings, oil falls
High US corporate earnings reports boosted stock markets and saw BTC price hit $83,300 before reversing at a 21-day trend line.
High US corporate earnings reports boosted stock markets and saw BTC price hit $83,300 before reversing at a 21-day trend line.
More than 6 billion XRP reached exchanges tracked by CryptoQuant in the 30 days to Oct. 19, the most since March.
Bitcoin price action failed to improve with equities as a sell wall at $83,000 kept BTC in a tight range.
Analysts expect Bitcoin to retest $80,000 support again as stock markets attempt to recover last week’s losses.
Bitcoin held above $80,000 as South Korean tech stocks recovered from a sell-off and traders lowered their expectations for a Federal Reserve interest-rate hike.
Bitcoin’s market cycle signals tool showed BTC price action copying history, possibly preparing to reclaim a key moving average before testing new highs.
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