The Surprising Reason the SpaceX IPO Could Be Fueling the Bitcoin Sell-Off
Key takeaways
- Bitcoin is down more than 20% during the past month.
- Here s the surprising reason the planned Space X initial public offering (IPO) could be partially to blame for the crypto sell-off, as well as a look at whether Bitcoin is a good buy now.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
Daniel Foelber, The Motley Fool Tue, June 9, 2026 at 5:20 PM GMT+7 7 min read BTC-USD SPCX ^IXIC NVDA INTC On June 5, Bitcoin (CRYPTO: BTC) fell below $60,000 for the first time since September 2024 in lockstep with a broader decline in tech stocks that dragged the Nasdaq Composite (NASDAQINDEX: ^IXIC) down 4.2% for its worst day of 2026. Bitcoin is down more than 20% during the past month.
Here s the surprising reason the planned Space X initial public offering (IPO) could be partially to blame for the crypto sell-off, as well as a look at whether Bitcoin is a good buy now.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »