SpaceX · Bitcoin · New York · Elon Musk · Bitcoin Magazine
Bitcoin’s price rose above $84,500 on Wednesday as investors flooded back into risk-on assets, particularly tech-related stocks
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The leading cryptocurrency was recently priced at $84,461 after rising nearly as high as $84,588 earlier on Wednesday morning in New York.
Key facts
- The leading cryptocurrency was recently priced at $84,461 after rising nearly as high as $84,588 earlier on Wednesday morning in New York
- Bitcoin’s price is still over 30% below its all-time high of $126,080, reached in October 2025, but analysts are saying the cryptocurrency is now back in a bull market after spending most
- SpaceX, which debuted in June on the Nasdaq in the biggest initial public offering ever, reported third-quarter revenue on Tuesday of $14.6 billion, up 161% from the previous year and smashing
- Bitcoin’s price rose above $84,500 on Wednesday as investors flooded back into risk-on assets, particularly tech-related stocks
Summary
The price of bitcoin is rising fast, with the stock market, as investors feel bullish on tech. Bitcoin’s price rose above $84,500 on Wednesday as investors flooded back into risk-on assets, particularly tech-related stocks. Over a 24-hour period, the coin is up 2%. Bitcoin’s rise comes as SpaceX reported surging revenue growth in its third quarter, and its owner, Elon Musk, talked of a potential SpaceX-Tesla merger.