Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat

Bitcoin (BTC) passed $84,000 after Wednesday’s Wall Street open as US stocks added to gains on more strong corporate earnings reports.Key points:Bitcoin climbed nearly 2% on Wednesday to return to $84,600 for the first time since Oct. 7.SpaceX Q3 operating revenue beat expectations by nearly 15%, coming in at $14.6 billion.BTC price action needs a daily close above $83,400 to shift the focus higher in its trading range, crypto analyst Rekt Capital wrote.SpaceX Q3 earnings help propel Bitcoin to $84,600Data from TradingView showed BTC/USD gaining nearly 2% on the day as markets reacted to a significant Q3 earnings beat from SpaceX.BTC/USD one-day chart. Source: Cointelegraph/TradingViewAfter the market close on Tuesday, SpaceX reported a Q3 revenue of $14.6 billion, up 161% year-on-year and beating expectations by nearly 15%. The net income of the company was $4.4 billion for the quarter.“The combination of our launch leadership, recurring Starlink revenue, and the significant expansion of our SI infrastructure continues to drive meaningful operating leverage,” chief financial officer Bret Johnsen commented on the earnings release.US stocks were green at the start of the US trading ...