Bitcoin corrects below $82K after Tesla Q3 results, KOSPI falls
BTC when published $81,854Now $80,617 ▼ −1.51% since it was published
Bitcoin reversed a run toward $85,000 after Tesla reported lower-than-expected capital expenditure in Q3. Bitcoin (BTC) fell nearly 3% on Thursday after an attempt to break higher was rejected near $85,000. Data from TradingView showed BTC/USD retracing around Wednesday’s daily close, subsequently returning below $82,000. The pair gave back the entirety of the gains made on that day, when price peaked at around $84,840 on Bitstamp. Higher-than-expected US corporate earnings had helped spark a rally in both crypto and stock markets. However, results from Tesla after the Wall Street closing bell did not provide the same promising signals as seen from SpaceX and General Motors earlier in the week. The company reported Q3 revenue of $28.05 billion, just short of Bloomberg’s $28.13 billion estimate.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
