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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

$79,854.60

+0.26%

$79,854.60

+0.26%

(24s)

24h Volume

$7,096,450,820.56

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,967.99

▲ 0.17%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,967.99

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.1

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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