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Is the SpaceX IPO Crashing the Crypto Market?

Is the SpaceX IPO Crashing the Crypto Market?

Quick Read

  • BNP Paribas expects $50 billion in retail liquidations from assets like Bitcoin and AMD to fund the imminent SpaceX IPO.

  • XRP sits 67% below its yearly high of $3.55 as retail capital rotates away from crypto ahead of the historic listing.

  • Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn’t make the cut. Grab the names FREE today.

The crypto market faces a hard question this morning. Can a single initial public offering, even one of historic scale, pull enough capital out of digital assets to bend their price action? Bitcoin (CRYPTO:BTC) is trading near $63,800, up 2.8% over the past 24 hours, yet the multi-week chart tells a different story.

Despite today’s…

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