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Bitcoin Nears $85,000 as SpaceX Earnings Reignite Risk Appetite
Bitcoin's price rose above $84,500 on Wednesday, driven by investors' bullishness on tech-related assets, including SpaceX's strong third-quarter revenue growth of $14.6 billion. The cryptocurrency's rise coincides with the debut of SpaceX on the Nasdaq and Elon Musk's potential merger with Tesla. Bitcoin's price is still over 30% below its all-time high but analysts are now in a bull market after spending most of the year in a bear market.