Bitcoin rises to $83,000, stocks and oil swing as US earnings beat forecasts

Bitcoin climbed to $83,000 after Tuesday’s Wall Street open, echoing gains in US equity markets driven by robust third-quarter earnings reports. Major US companies reported better-than-expected Q3 results, boosting optimism across financial markets. General Motors and industrial conglomerate 3M both exceeded analysts’ profit estimates, with 3M also raising its annual profit outlook. The Dow Jones Industrial Average advanced 1.2%, reaching its highest level since September 14. The S&P 500 rose 0.6%, and the technology-heavy Nasdaq Composite gained 0.5% during morning trading. Strength in corporate earnings outweighed pressure from earlier surges in oil prices.

Source: CoinTurk News