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Bitcoin spikes to $83.3K; stocks rise, oil falls


Bitcoin rose as much as 1.5% to $83,000 after the Wall Street open, then fell back toward $82,000. It reached its highest level since Oct. 14 but failed to break above its 21-day simple moving average, near $83,230.

US stocks also gained as General Motors and 3M reported better-than-expected third-quarter earnings. US WTI crude briefly passed $100 a barrel before falling below $96. CoinGlass data showed $125 million in crypto short liquidations between 10 a.m. and 11 a.m. ET.

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