Bitcoin Remains Resilient as Traders Anticipate $100 Billion SpaceX Stock Availability
Bitcoin has stabilized above $64,600, buoyed by buyer support following a dip earlier this week, while market interest shifts towards the upcoming $101 billion stock unlock of SpaceX, owned by Elon Musk.
On Thursday, Bitcoin recorded a slight daily increase of 0.5% over the week, trading just above $64,600. In contrast, other major cryptocurrencies displayed mixed performances. Ether rose by over 1% to $1,904, but is down 0.7% weekly. XRP fell nearly 3% to $1.04, while BNB dropped over 1% to $595, although it is the top weekly performer with a 3.5% increase.
Market dynamics are influenced by the broader equity landscape, where the MSCI All Country World Index declined by 0.2%, breaking a five-day winning streak, notably affected by losses among chipmakers. The Kospi index in South Korea fell sharply by 4.4%, primarily due to declines in major companies like SK Hynix and Samsung.
