Bitcoin Surges Toward $85,000 as SpaceX Earnings Ignite Fresh Crypto Rally

 

Bitcoin traded above $84,500 on Oct. 21, reaching $84,588 in New York morning trading before changing hands at $84,461, according to Bitcoin Magazine.

The cryptocurrency was up 2% over 24 hours and 3% over seven days, the report stated. The move coincided with SpaceX reporting third-quarter revenue of $14.6 billion, up 161% from the previous year, and a rally in technology stocks 

Bitcoin Magazine reported that investors returned to risk-on assets, particularly tech-related stocks, without specifying a direct causal link between the SpaceX results and the bitcoin price [8]. Bitcoin remains more than 30% below its all-time high of $126,080 reached in October 2025, according to the report https://tinyurl.com/y9y7yhnb