Analysis: SpaceX IPO may become the latest obstacle facing Bitcoin.

CoinFeed reported on June 11th that, according to The Block, SpaceX's IPO on Thursday could have a significant impact on the crypto market, with some investors potentially selling crypto assets to buy SpaceX stock. Spencer Hallarn, Global Head of OTC Trading at GSR, stated that the IPO needs to raise $75 billion, and the funds must come from somewhere. Vetle Lunde, Head of Research at K33, pointed out that investor expectations surrounding hot IPOs like SpaceX may be depressing Bitcoin prices. Jeff Park, an advisor at Bitwise, stated that Bitcoin is being used to fund upcoming high-profile transactions in the market. Meanwhile, SpaceX-related crypto trading activity has already been quite active.