Bitcoin steadies at $82,500 as strong SpaceX results lift stock futures
Bitcoin is holding near $82,500 as SpaceX's strong quarter revives interest in the AI trade and lifts stock futures. Oil has climbed back above $110, adding pressure to the wider market. XS.com warns that a drop below $82,500 could open a path toward $70,000.
Why it matters
- Strong SpaceX results revived the AI trade, supporting risk appetite in stock futures.
- Oil topping $110 again adds macro pressure that could affect risk assets like bitcoin.
- XS.com says losing $82,500 could open a path toward $70,000.
What to watch next
Watch whether bitcoin holds the $82,500 level, since XS.com warns that losing it could open a path toward $70,000.
