Bitcoin climbed back above $83,000 on Wednesday as stronger-than-expected SpaceX results, a possible SpaceX-Tesla combination and renewed strength in data-center stocks improved sentiment across technology markets. At the same time, investors continued to watch a key bitcoin support level and signs of stress in France’s government bond market.
According to CoinDesk, bitcoin was trading near $83,400 in the market update, while U.S. equity futures and European shares moved higher. The market backdrop remained mixed: enthusiasm around artificial intelligence and space technology supported risk appetite, but higher oil prices, Treasury yields and concerns about France’s public finances added pressure elsewhere.
SpaceX results and data-center rebound support technology shares
SpaceX shares rose 9% before the U.S. market open after the company’s artificial-intelligence and satellite-internet businesses helped push earnings well above expectations, according to the source material. Reports that SpaceX and Tesla are considering a merger also helped lift sentiment. Such a transaction would bring together two companies associated with Elon Musk, although the material does not provide details on the structure or timing of any possible deal.
The wider technology complex also received support from preliminary figures released by Super Micro Computer. The company forecast third-quarter sales of $18.5 billion to $19.5 billion, substantially above the $15 billion expected by analysts cited in the report. Super Micro shares were up 12% in pre-market trading.
Several companies involved in data centers and computing infrastructure also advanced before the open:
- CoreWeave rose 2.9%.
- IREN gained 4%.
- Hut 8 increased 4.4%.
- TeraWulf climbed 5%.
South Korea’s Elice added another part of the sector’s volatile trading story. The data-center company had fallen 32% after its Tuesday initial public offering, but then rose 30%, the daily limit, while remaining below its IPO price. South Korea’s Kospi gained 3.3%.
The strength in technology markets follows a broader debate over whether artificial-intelligence spending is producing enough productivity and profits. Citadel chief executive Ken Griffin described AI as “almost certainly” being in a bubble, while also saying the technology could encourage entrepreneurship and create enduring market leaders. BlackRock chief executive Larry Fink separately warned that slower data-center construction could keep computing costs elevated, potentially affecting inflation and economic growth.
Bitcoin’s technical level remains in focus
Bitcoin’s recovery has kept it above the $82,500 level identified by XS.com’s Simon-Peter Massabni as an important support area. He said a decisive and sustained break below that threshold could give sellers control and expose bitcoin to a move toward $70,000. The report also said that a move back above $84,000 would remove that particular downside scenario.
Massabni argued that bitcoin’s relationship with technology stocks is becoming stronger. The cryptocurrency fell alongside the Nasdaq the previous week after a hot U.S. inflation report and a selloff in artificial-intelligence and chip shares. In his assessment, that correlation challenges the idea that bitcoin can consistently act as an independent haven during traditional market volatility.
Other market factors were also moving in the background. Brent crude rose above $110 a barrel after attacks near the Strait of Hormuz, while U.S. Treasury yields edged higher. Meta and Tesla were scheduled to report later on Wednesday, adding further potential catalysts for technology and equity markets.
Moneyiar market data recorded bitcoin at $83,388.972623087 at 12:59 p.m. on October 21, 2026, Tehran time. The cryptocurrency was up 2.3% over 24 hours and 0.89% over seven days. The same data showed Data Network at $0.151592991, up 6.52% over 24 hours but down 23.77% over seven days, and ONEchain at $0.1030938994, up 0.35% in 24 hours and down 10.21% over seven days. PlaysOut was listed at $0.0349806107, up 12.7% over 24 hours and 28.72% over seven days; its quoted data time was September 25, 2026, at 6:29 a.m. Tehran time.
France’s bond market shows continuing strain
While equity markets were relatively calm, France’s government bond market remained under pressure. The yield on the 10-year French OAT briefly moved above 5% for the first time since 2022 before easing to 4.995%, still almost eight basis points higher on the day.
The German 10-year Bund yield rose by only 2.8 basis points, widening the spread between French and German government bonds to 158 basis points. That was described in the report as the highest level since the European debt crisis of 2011. A wider spread indicates that investors are demanding a larger premium to hold French debt compared with the benchmark German market.
The report pointed to concerns over France’s public deficit and debt. An opinion article by Le Monde’s Sylvie Kaufmann, cited by CoinDesk, said the deficit was expected to reach 5.4% of gross domestic product this year and national debt 119%. Those figures, alongside political unrest, have intensified scrutiny of the country’s fiscal position even as global investors responded positively to the latest technology and SpaceX developments.
