Bitcoin holds above $84,000 as Middle East tensions resurface, tech rally provides cover

Bitcoin traded above $84,000 on Wednesday, supported by a rally in tech stocks following SpaceX's blowout earnings and a report that Anthropic may spend $750 billion on computing power. The cryptocurrency found some cover from Nasdaq and S&P 500 futures gains, though it remains tied to traditional market volatility. Simon-Peter Massabni of XS.com warned that a decisive break below $82,500 could expose Bitcoin to a drop toward $70,000, while a move back above $84,000 would neutralize that downside scenario. Brent crude topped $110 a barrel after attacks near the Strait of Hormuz, and Treasury yields edged higher.