Update
Bitcoin Price Reaches $83,000 Amid US Stock Market Rally
Bitcoin (BTC) price spiked to $83,000 on Tuesday as US stocks rallied on strong Q3 earnings reports. The rally helped mitigate the impact of a rising oil price, which briefly passed $100 per barrel. The US stock market indices, including the Dow Jones Industrial Average and the Nasdaq Composite, saw gains of 1.2% and 0.5%, respectively. Bitcoin broke through a wall of ask liquidity, with $125 million in short liquidations occurring between 10 a.m. and 11 a.m. ET. SpaceX and Meta are scheduled to report Q3 performance figures after the market close on Tuesday.