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Tonight's SpaceX, simply put:
In the short term, funds in the crypto space are being diverted.
SpaceX's recent IPO fundraising was very large, and many investors chose to sell some cryptocurrencies to participate in the new issue. So recently, there has been outflow of funds from Bitcoin and Ethereum ETFs, and market volatility has been relatively high.
In the long term, Elon Musk is wealthier, which may be a positive signal.
His net worth has increased, and he may continue to focus on or support crypto projects in the future. However, everyone's attention is currently on this IPO, and the immediate impact on the crypto market is not very obvious.
Summary in one sentence: short-term bearish, long-term neutral to slightly positive.
$SPCX $BTC $ETH