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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

$62,636.18

-2.94%

$62,636.18

-2.94%

(24s)

24h Volume

$19,519,130,387.97

24h H/L

$64,730.15 / $61,938.00

Change: $2,792.15 (4.51%)

Long/Short

68.6%

Long: 68.6%Short: 31.4%

Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,519.99

▼ -2.34%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,663.04

Resistance 1$62,910.49

Price$62,519.99

Support 1$61,834.89

Support 2$60,586.08

Support 3$59,157.10

Pivot (PP):$62,911.12

Trend:Downtrend

RSI (14):36.8

Cointelegraph Staff

(01:54 PM UTC)

1 min read

Reviewed byDavid Kim

1100 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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