📉 Bitcoin slides to ~ $68,200 — and the most-mentioned “culprit” today is Anthropic’s IPO.
The AI company behind Claude is expected to list on Nasdaq on November 19, raising up to $64.4 billion, with demand for shares roughly 6 times the number on offer. Many investors are said to be selling BTC to raise cash to participate in the IPO.
This scenario has happened before: ahead of SpaceX’s $75 billion IPO in June, Bitcoin fell ~20% over 50 days, then dipped even lower after the listing before recovering — 100 days later, its price was 28% higher than on the IPO date.
According to Strive CEO Matt Cole, if history repeats itself, BTC could approach ~ $90,000 by the end of February. But caution is warranted: the decline around the SpaceX IPO also coincided with concerns about Strategy.
BTC is down 4.6% on the day, total market capitalization is ~ $2.34 trillion, and the Fear & Greed Index stands at 20.
$CC is the biggest loser among the top 100 coins that hasn’t been mentioned recently: down 2.62% in 24 hours to ~ $0.087.
Do you think IPO history will repeat itself, or will the market take a different path? 🤔
#CryptoNews #Bitcoin #Anthropic #IPO
*Market information, not investment advice.
The AI company behind Claude is expected to list on Nasdaq on November 19, raising up to $64.4 billion, with demand for shares roughly 6 times the number on offer. Many investors are said to be selling BTC to raise cash to participate in the IPO.
This scenario has happened before: ahead of SpaceX’s $75 billion IPO in June, Bitcoin fell ~20% over 50 days, then dipped even lower after the listing before recovering — 100 days later, its price was 28% higher than on the IPO date.
According to Strive CEO Matt Cole, if history repeats itself, BTC could approach ~ $90,000 by the end of February. But caution is warranted: the decline around the SpaceX IPO also coincided with concerns about Strategy.
BTC is down 4.6% on the day, total market capitalization is ~ $2.34 trillion, and the Fear & Greed Index stands at 20.
$CC is the biggest loser among the top 100 coins that hasn’t been mentioned recently: down 2.62% in 24 hours to ~ $0.087.
Do you think IPO history will repeat itself, or will the market take a different path? 🤔
#CryptoNews #Bitcoin #Anthropic #IPO
*Market information, not investment advice.
