While IPOs are attracting a frenzy of demand, the crypto market is bleeding out—the contrast is enormous.
Anthropic reportedly refused to postpone its IPO, and its offering is said to be about six times oversubscribed, with roadshows running hot. Meanwhile, the crypto market was a rude awakening this morning: $ETH plunged 6% overnight, falling below $2,000, while BTC also dropped to around $68,800. The Fear & Greed Index is down to just 21, and the entire market is gripped by fear.
Put simply, that’s how realistic capital can be: hot money is piling into IPOs, while crypto is taking the hit first. ETH has broken below the key $2,000 level, and sentiment is unlikely to recover quickly in the short term. For now, let’s see whether it can hold around $1,900.
Volatility is extreme. Participate with caution, and don’t try to catch a falling knife in a panic.
#AnthropicRefusesToPostponeIPO—WhatIsItsValuationAheadOfThisWeek’sRoadshow?
Anthropic reportedly refused to postpone its IPO, and its offering is said to be about six times oversubscribed, with roadshows running hot. Meanwhile, the crypto market was a rude awakening this morning: $ETH plunged 6% overnight, falling below $2,000, while BTC also dropped to around $68,800. The Fear & Greed Index is down to just 21, and the entire market is gripped by fear.
Put simply, that’s how realistic capital can be: hot money is piling into IPOs, while crypto is taking the hit first. ETH has broken below the key $2,000 level, and sentiment is unlikely to recover quickly in the short term. For now, let’s see whether it can hold around $1,900.
Volatility is extreme. Participate with caution, and don’t try to catch a falling knife in a panic.
#AnthropicRefusesToPostponeIPO—WhatIsItsValuationAheadOfThisWeek’sRoadshow?