Bitcoin Price up 26% Since SpaceX Debut as Anthropic IPO Looms

As bitcoin traders try to guess the potential impact of Anthropic’s IPO on the bitcoin price, the market can draw lessons from the SpaceX IPO in June. Since then, bitcoin is up 26%, even after the recent slump and tightened macro conditions, as giant IPOs are just one of several forces moving the market. A day after Anthropic—the giant AI company behind the Claude chatbot— filed for an initial public offering (IPO) , bitcoin (BTC) was essentially unchanged, trading near $80,000. On the filing day itself, U.S. stocks rose while bitcoin treasury giant Strategy fell. The dominant narrative is that the IPO will attract capital that might otherwise flow into bitcoin, complicating the recovery of the recently declining top crypto asset.

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