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Bitcoin slump worsens amid SpaceX rout: Can BTC price hold $60K any longer?
Bitcoin (BTC) has dropped over 8% from its June high near $67,255, putting the $60,000 support level back in focus. Bitcoin is getting close to retesting $60,000 as SpaceX’s post-IPO rout erases over $600 billion in market value and shakes risk appetite across speculative assets. The Elon Musk-led company priced its record IPO at $135 per share earlier in June, raising $75 billion at an implied valuation of about $1.77 trillion, based on 13.08 billion shares outstanding. Investor demand was strong after the listing. SpaceX shares opened near $150 and later climbed to a post-IPO peak of $211.39 on June 16, pushing ... (full story)