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.
Bloomberg, The Business Times (Singapore)
#Bitcoin
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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.
Bitcoin slides below $60,000 in worst week since November 2022
What's new: US bitcoin ETFs just snapped a 13-day outflow streak after about $4.4 billion left the funds, while Strategy's sale rattled sentiment.
Bitcoin sinks below $60,000 in worst week since 2022 sell-off
What's new: A 13-day run of outflows from US bitcoin ETFs ended, but net assets still fell to $80.4 billion from $107.8 billion on May 14.
Bitcoin slides below $60,000, capping its worst week in months
What's new: The token fell 16% for the week, while U.S.-listed bitcoin ETFs just ended a record 13-session run of outflows.