{"id":919470,"date":"2026-07-13T01:22:19","date_gmt":"2026-07-13T06:22:19","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/13\/spacex-and-mega-ipos-fuel-crypto-sell-off-is-retail-moving-away-from-bitcoin\/"},"modified":"2026-07-13T01:22:19","modified_gmt":"2026-07-13T06:22:19","slug":"spacex-and-mega-ipos-fuel-crypto-sell-off-is-retail-moving-away-from-bitcoin","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/13\/spacex-and-mega-ipos-fuel-crypto-sell-off-is-retail-moving-away-from-bitcoin\/","title":{"rendered":"SpaceX and Mega IPOs Fuel Crypto Sell-off: Is Retail Moving Away From Bitcoin?"},"content":{"rendered":"

Bitcoins <\/p>\n

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Author<\/p>\n

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Ahmed Barakat<\/p>\n

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Author<\/p>\n

Ahmed Barakat<\/span>\"bitcoins<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Aug 2025<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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CryptoNews Editorial Team<\/p>\n

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Author<\/p>\n

CryptoNews Editorial Team<\/span>\"bitcoins<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Sep 2018<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

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Bitcoin price is bleeding. The leading crypto has dropped to the $61,800\u2013$64,000 range, shedding roughly 5\u20136% in 24 hours as capital rotates aggressively into equity markets ahead of what could be the most consequential SpaceX IPO.<\/p>\n

The question traders are asking isn\u2019t just when BTC recovers, it\u2019s whether this sell-off signals a deeper structural shift in where risk appetite is being deployed. Ethereum and XRP are following BTC lower, with mid-single-digit losses across the board as correlations hold tight.<\/p>\n

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NEW: Fidelity lowers the minimum account requirement for the SpaceX IPO from as high as $500,000 to just $2,000.<\/p>\n

\u2014 Polymarket (@Polymarket) June 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Veteran investor Thomas Park pointed directly at the IPO pipeline as the culprit, arguing that traders are \u201cmoving funds out of Bitcoin to position for high-profile IPOs\u201d<\/em>, calling them \u201cthe market\u2019s upcoming hot ball of money trades\u201d<\/em> and suggesting BTC is \u201cpaling in comparison.\u201d<\/em> SpaceX has formally filed for a record IPO targeting roughly $75 billion in proceeds<\/a> at a valuation near $1.75 trillion, eclipsing Saudi Aramco to become the largest public offering in history. <\/p>\n

U.S. spot Bitcoin ETFs have bled<\/a> $2.43 billion in May alone, with another $1.40 billion exiting in the first days of June. The selling pressure is not subtle.<\/p>\n

What makes this rotation complex, almost paradoxically, is that SpaceX\u2019s IPO filing revealed a meaningful Bitcoin treasury position<\/a>, suggesting the long-term institutional narrative around BTC as a corporate reserve asset remains intact even as short-term flows move the other direction. <\/p>\n

That tension is setting up a critical inflection point across all three major tokens.<\/p>\n

Discover: The Best Crypto to Diversify Your Portfolio<\/a><\/u><\/strong><\/p>\n

Bitcoins Can Bitcoin Price Reclaim $65,000 Ahead Of SpaceX IPO, Or Is the Low $60,000s the New Crypto Range?<\/h2>\n

Bitcoin is in a confirmed short-term breakdown from its recent range, trading between $61,800 and $64,000 and pressing against support in the low $60,000s. A decisive close below $61,500 opens the door to a deeper retest of the high $50,000s.<\/p>\n

Resistance is stacked above. The mid-$60,000s capped the last recovery attempt, and $70,000 looks increasingly distant given current ETF flow dynamics.<\/p>\n

BTC has already erased its geopolitical risk premium, and persistent institutional outflows are compressing any near-term bounce potential. Bitcoin treasury strategies have absorbed a $62 billion wipeout in recent sessions, and retail sentiment is visibly fraying.<\/p>\n

Source: BTCUSD \/ Tradingview<\/a><\/figcaption><\/figure>\n

ETF outflows stabilizing alongside the SpaceX IPO closing without further crypto rotation gives BTC a path back above $66,000 and re-establishes the prior range. <\/p>\n

If capital sits on the sidelines through the IPO window, choppy consolidation between $61,500 and $65,000 is the most likely outcome. Support cracking below $61,500 on continued ETF selling triggers a momentum-driven leg toward $57,000 to $58,000.<\/p>\n

Volume and ETF flow data are the signals to watch. Not price alone.<\/p>\n

ETH support sits in the low to mid $3,000s with resistance near prior cycle highs. XRP is range-bound, watching horizontal support in the low $0.40s to $0.50s with no breakout signal in sight. Both remain high-beta plays on whatever BTC does next.<\/p>\n

Bitcoins Bitcoin Hyper Targets Early-Mover Upside as Bitcoin Tests Critical Support<\/h2>\n

Here\u2019s the uncomfortable reality for spot BTC holders: at $62,800, the risk\/reward on a market-cap-weighted position is asymmetric in the wrong direction near-term. <\/p>\n

The upside to prior all-time highs is capped by macro headwinds; the downside is open if ETF outflows accelerate. That dynamic is pushing some traders toward earlier-stage infrastructure plays within the Bitcoin ecosystem itself, where the valuation entry points are structurally different.<\/p>\n

\"bitcoins<\/figure>\n

Bitcoin Hyper ($HYPER)<\/strong><\/a> is one project capturing that rotation interest. Positioned as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, it targets the three core limitations that have historically constrained Bitcoin\u2019s utility: slow transactions, high fees, and the absence of programmable smart contracts. <\/p>\n

The pitch is direct, bring Solana-grade speed and contract execution to Bitcoin\u2019s security layer, without abandoning Bitcoin\u2019s underlying trust model. <\/p>\n

The presale has raised $32,804,971.85 at a current price of $0.0136811, with staking available for early participants. The project has drawn <\/a>particular attention during this BTC dip cycle, as traders seek asymmetric positioning within the Bitcoin ecosystem.<\/p>\n

Research Bitcoin Hyper<\/a><\/strong>.<\/p>\n

Discover: The Best Token Presales<\/a><\/u><\/strong><\/p>\n

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Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since<\/p>\n","protected":false},"author":1,"featured_media":919471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22791,1861],"tags":[11476],"class_list":["post-919470","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","category-spacex","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/919470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=919470"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/919470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/919471"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=919470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=919470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=919470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}