Bitcoin Crashed 29% Before SpaceX’s IPO. Is Anthropic’s Debut Doing It Again?

Bitcoin (BTC) fell below $73,000 on Tuesday for the first time since August 20, about a week before Anthropic is expected to start trading on Nasdaq. The drop follows the same path Bitcoin took before SpaceX’s record listing in June. Some traders argue that giant share sales pull cash out of riskier assets like Bitcoin. Yet in June, the coin kept falling after SpaceX listed. Holders waited two months for a lasting rebound. How Far Did Bitcoin Fall Before SpaceX Listed? Bitcoin lost nearly 29% between its May high and its June low. SpaceX debuted on June 12 after raising more than $85 billion. The coin hit about $59,000 on June 5, a week before the debut. It then set a lower low near $57,700 on July 1.

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