Wall Street climbs as the Nasdaq gains 1.1%, bitcoin tops $84,000 at its highest in a week and spot bitcoin ETFs draw about $525 million

Stocks rose on Wednesday and bitcoin went with them. The S&P 500 closed up 44.60 points, or 0.6%, at 7,757.17, the Dow Jones Industrial Average gained 360.21 points, or 0.7%, to 52,856.09, and the Nasdaq composite rose 278.04 points, or 1.1%, to 26,702.86, per the Associated Press. For the week so far the three are up 1.3%, 1.6% and 2.2%.

Babypips pointed to SpaceX's first profit as a public company and an above-forecast outlook from Super Micro Computer as likely drivers for technology shares, and said a Reuters report that the State Department was preparing to pull some staff from US embassies in the Gulf briefly knocked stocks lower and pushed oil back toward $100 a barrel; the order was later said to cover only Saudi Arabia. West Texas crude ended near $99.40, per Babypips, which labels its figures approximate.

Bitcoin rose 2.4% to about $84,489 as of early evening Eastern, per The Motley Fool, after CoinDesk had called its morning move to about $83,500 the highest level in a week. Ether rose 2.3% to about $2,492 and Solana 1.9% to about $108, per the Fool, whose CoinGecko table at 20:17 UTC showed XRP up 4.7% at about $1.39 and Zcash up about 12%. CoinDesk tied the Zcash move to developers setting a November activation date for the NU7 upgrade.

ETF inflows were heavy again. US spot bitcoin ETFs took in a net $524.8 million on Wednesday, per Farside Investors, with $235.0 million into IBIT, $212.7 million into FBTC, $32.6 million into GBTC, $19.2 million into BITB, $9.8 million into ARKB, $8.2 million into Grayscale's Mini trust and $7.3 million into Franklin's EZBC. That follows $23.2 million on Tuesday and $526.7 million on Monday, per Farside; the Fool called Monday's roughly $527 million the biggest day since September 22, and said the iShares ether fund ETHA lost $128 million over Monday and Tuesday.