Bitcoin moved above $84,000 shortly after Wall Street opened, gaining nearly 2% as US stocks advanced. SpaceX reported quarterly revenue of $14.6 billion, up 161% year over year and nearly 15% above expectations, with net income of $4.4 billion. The Nasdaq Composite was up 0.7% at 26,601 points before retracing some gains, while Tesla and Meta earnings were due after the close. Truist Securities said SpaceX’s performance eased concerns about corporate spending on AI infrastructure amid heavy volatility in Asian technology markets. Bitcoin broke above its 200-period simple moving average of $83,878 on the four-hour chart for the first time since October 14, while crypto short liquidations neared $110 million.
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