If SpaceX's IPO actually happens, institutional funds will be redistributed again. How much longer can BTC at 61k hold up? Fear and greed have both dropped to 9. I'm going to wait and see first.

BTC0.08%
View Original
CoinNetwork
Analyst warns that SpaceX IPO could impact Bitcoin capital inflows
Crypto industry news claims that SpaceX’s upcoming IPO may divert funds, putting pressure on Bitcoin and the crypto market. BTC is hovering around $61,750, down about 14% over the past week. Crypto market cap is down 1.1% to $2.2 trillion over 24 hours. Institutional demand has weakened: spot Bitcoin ETF net outflows totaled $168.8 million, bringing the four-week total to about $4.57 billion. The Fear & Greed Index has fallen to 9, with market sentiment remaining cautious. Analysts say that SpaceX’s IPO may siphon off funds that would otherwise flow into the crypto market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned