SpaceX Results Push Bitcoin Above $82,500

SpaceX’s earnings blew past forecasts, lifting its pre‑market futures nine percent on Wednesday. The surge helped Nasdaq‑100 futures climb 0.4% and the S&P 500 futures rise 0.2%. Bitcoin hovered just above its key support at $82,500, according to XS.com’s Simon‑Peter Massabni. Massabni warned that a decisive break below that level could push Bitcoin toward $70,000, a 15% slide. He noted the link between crypto and tech is tightening after last week’s AI and chip sell‑off. Anthropic’s reported willingness to spend $750 billion on computing power eased worries about an AI spending boom. Brent crude topped $110 a barrel as tensions rose near the Strait of Hormuz. A break below $82,500 would likely send Bitcoin down toward $70,000.