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The Marked Chart Wire · Crypto
Bitcoin
Bitcoin fell below $82,000 after Tesla disclosed third-quarter capital expenditures that missed expectations. The cryptocurrency had previously approached $85,000 before reversing course.
Bitcoin
The companies have used securities to fund the acquisition of nearly 136,000 bitcoin. Analysts expect this funding channel to complement the broader ETF market.
Tesla Merger
A recent SpaceX filing states that Elon Musk, the controlling shareholder, must approve any potential combination with Tesla.
Bitcoin
Bitcoin trades near $81,500 despite $635.5 million in ETF outflows and $254 million in liquidations. Some traders see a potential 5 percent rally ahead of the weekend.
Tesla
Tesla reported quarterly earnings of $787 million, down from $1.37 billion, as the company increased spending on its Optimus robot and Cybercab projects. The automaker aims to deliver its driverless vehicles to customers by the end of the year.
Bitcoin
Bitcoin traded near $81,061 at 12:41 PM New York time, down 4.1% from $84,496 a day earlier. US-listed stocks and funds that often move with it include MSTR, COIN, MARA, RIOT and IBIT.
Bitcoin Miners
Shares of Riot, MARA, IREN, and Core Scientific have fallen this month due to growing concerns over credit risks associated with neocloud operations.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.