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via Cointelegraph · By Cointelegraph Staff

Space X IPO Is 'Bad News' for Tech Stocks: But What About Bitcoin?

BTC

BTC/USDT

$63,112.05

+0.11%

$63,112.05

+0.11%

(24s)

24h Volume

$2,114,067,400.70

24h H/L

$63,175.00 / $62,968.45

Change: $206.55 (0.33%)

Long/Short

68.1%

Long: 68.1%Short: 31.9%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,100.89

▲ 0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,100.89

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

Cointelegraph Staff

(01:54 PM UTC)

1 min read

Reviewed byDavid Kim

0 comments

Elon Musk's rocket and satellite company SpaceX is planning a $75 billion IPO in June, which could make it the largest near-term public listing with a major Bitcoin treasury.

Key takeaways:

A Nasdaq 100 fast entry could expand Bitcoin exposure among the top mega-cap stocks, including Tesla.
The IPO may pressure tech stocks as passive funds sell existing Nasdaq names to buy SpaceX, which may prove…

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Source

Cointelegraph Staff · Cointelegraph

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