SpaceX IPO May Fuel Bitcoin Sell-Off

Bitcoin fell below $60,000 on June 5, 2026, down over 20% in the past month, as the Nasdaq Composite dropped 4.2%. The planned SpaceX IPO is cited as a surprising factor. BlackRock's iShares Bitcoin Trust ETF, launched Jan. 5, 2024, held 774,434.1 Bitcoins valued at $49.4 billion as of June 4.