Bitcoin reached $83,300, its highest level since October 14, before pulling back toward $82,000. US stock markets joined the rally, with the Dow Jones gaining 1.2% to levels last seen in mid-September, boosted by third-quarter earnings that beat expectations at General Motors and 3M. US WTI crude oil crossed $100 per barrel for the first time since September 17, before falling back below $96 during the US trading session. Crypto markets saw $125 million in short liquidations between 10 a.m. and 11 a.m. ET, while total open interest climbed to $53.86 billion, its highest since October 8. Technically, bitcoin is defending its 50-day moving average support at $81,570, with the 21-day moving average at $83,230 now acting as immediate resistance.
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