Bitcoin Dips To $68,000 As Anthropic IPO Pulls Cash, But History Points To A Buying Window

Bitcoin just had its worst week since summer. But the reason behind the drop may be exactly why some analysts see an opportunity. BTC fell to about $68,000 overnight, its lowest level since August and more than 20% below early October. At its lowest point, Bitcoin touched $67,770 as liquidations topped $1.6 billion, with roughly 89% of the wiped-out positions coming from longs. The culprit, according to several market watchers, is not a problem with Bitcoin itself. It is the Anthropic IPO. Why The Anthropic IPO Is Weighing On Bitcoin Anthropic, the AI company behind the Claude chatbot, is preparing one of the largest stock listings in history. It set a price range of $70 to $78 per share, selling 825 million shares to raise about $64.4 billion.

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