Tech rout, Bitcoin slide test demand ahead of SpaceX IPO
Why it matters: A 5% Nasdaq 100 drop and Bitcoin falling below $60,000 could drain retail cash from what may be a record IPO.
The Business Times (Singapore), Bloomberg
Subject
#Bitcoin
Bitcoin drops below $60,000, capping its worst week since 2022
What's new: US bitcoin ETFs just ended a record 13-day outflow streak after withdrawals cut net assets to $80.4 billion.
Bitcoin falls below $60,000 after 13-day ETF outflow streak
What's new: The token is down 16% for the week, and about $4 billion in bullish crypto bets have been wiped out.