Bitcoin briefly fell below $62,000 over the weekend after dropping roughly 22% in ten days from levels near $81,000. According to Strive CEO Matt Cole, the decline may partly reflect Anthropic’s plan to raise up to $64.4 billion in an IPO, which would drain liquidity by absorbing investors’ available capital ahead of the listing. This hypothesis is based on the SpaceX precedent: the company raised $75 billion in June, and bitcoin lost nearly 20% during the 50 days before its IPO before rebounding 28% from the listing-day close. Macroeconomic pressure, ETF withdrawals, forced liquidations and technology-stock turmoil also weighed on the market, while weekend liquidations reached $2 billion and the crypto market capitalization lost $330 billion over the week.
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