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

By Cointelegraph by William Suberg

Bitcoin extended gains to approach $85,000 after US stock markets reacted to higher-than-expected SpaceX earnings.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Quarterly results

A public company's report of its revenue, profit and outlook for a three-month period.

Results show how a business is really doing and often move its share price sharply.

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Stock market

The set of exchanges where shares of public companies are bought and sold.

Market moves reflect investor expectations about companies and the economy, and affect savings and pensions.

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