Bitcoin sinks to $61K as Wall Street braces for SpaceX IPO — and analysts fear crypto bear market

Bitcoin remained near $61,000 after a brutal week, with analysts warning of more downside as investors rotate capital toward AI IPOs. The article points to weakening sentiment and adverse flow dynamics rather than a fundamental catalyst, but the pressure could weigh on crypto markets if the risk-off move persists.

Analysis

Bitcoin remained near $61,000 after a brutal week, with analysts warning of more downside as investors rotate capital toward AI IPOs. The article points to weakening sentiment and adverse flow dynamics rather than a fundamental catalyst, but the pressure could weigh on crypto markets if the risk-off move persists.