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Bitcoin Bottom Hunters Are Eyeing Up AI Frenzy and SpaceX IPO

Bitcoin Bottom Hunters Are Eyeing Up AI Frenzy and SpaceX IPO
Bloomberg Markets Friday 12 June 2026, 14:38 UTC By Chloe Cresswell 1 min read
Key Points

Cryptocurrencies Bitcoin Bottom Hunters Are Eyeing Up AI Frenzy and SpaceX IPO Bitcoin’s rebound this week from the depths of despair below $60,000 has reignited a familiar Wall Street ritual: trying to call the bottom. Analysts point to a growing list of signals that have accompanied past market lows. At the same time, some argue the coin’s washout coincided with a broader shift in speculative appetite, as artificial-intelligence stocks and SpaceX’s closely watched public debut became...

Cryptocurrencies Bitcoin Bottom Hunters Are Eyeing Up AI Frenzy and SpaceX IPO Bitcoin’s rebound this week from the depths of despair below $60,000 has reignited a familiar Wall Street ritual: trying to call the bottom. Analysts point to a growing list of signals that have accompanied past market lows. At the same time, some argue the coin’s washout coincided with a broader shift in speculative appetite, as artificial-intelligence stocks and SpaceX’s closely watched public debut became competing destinations for risk capital.
SpaceX IPO Cryptocurrencies (ORG) SpaceX IPO Bitcoin’s (ORG) SpaceX (ORG)
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