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Opinion: Based on Bitcoin's performance after Coinbase went public, the U.S. stock market bull run may experience a mid-term correction following SpaceX's IPO

MarsBitNews
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Mars Finance News, June 12 — Regarding what impact SpaceX’s IPO will have on the U.S. stock market, analyst alicharts cited the 2021 Coinbase IPO case and commented: Coinbase went public on April 14, 2021. Before that initial debut, Bitcoin surged more than 1,200% starting from March 2020. After the event, Bitcoin saw a sharp 50% pullback. Today, the launch timing of the SPCX IPO is coming at a time when the S&P 500 has risen more than 50% over the past year. alicharts believes that, as extreme hype has been priced in, history shows that a period of natural consolidation at the macro level and profit-taking across broader stock indices will be entirely healthy.
BTC0.06%
US5000.52%
US500200.52%
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