Live markets: bitcoin loses $67,000 level in Tuesday plunge, putting February's lows back in play
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- SpaceX aims for a $1.75 trillion IPO valuation, per WSJ, lower than the $2 trillion figure floated earlier.
- SpaceX will sell less than 5 % of its shares, targeting a $60‑$80 billion raise, with the IPO slated for June 12 on the Nasdaq.
- SpaceX holds roughly 19,000 Bitcoin, valued at $1.25 billion based on a $67,000 price per coin.
- Bitcoin fell below $68,000 on Tuesday, entering a “distribution phase” amid heightened market fear, as reported by Cointelegraph and MarketWatch.
Why it matters: SpaceX will secure up to $80 billion for expansion, while Bitcoin investors see value erode as the coin breaches $68k, intensifying crypto‑market risk and pressuring related assets.
Ask SkimNews
