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Anchorage Digital‘s head of research, David Lawant, believes the cryptocurrency market will continue to perform well this year; however, the three pending IPO’s from SpaceX, OpenAI, and Anthropic will likely have some impact on the crypto market given the size of their collective valuations.

“The amount of capital that we’re talking about here will probably suck air from a lot of the rooms. That’s another non-industry-related but also non-macro factor that I think is very important to watch,” Lawant told Benzinga in an interview.

Bitcoin Price Action

Bitcoin‘s recent price action has largely been driven by institutional…