Bitcoin sinks to $61K as Wall Street braces for SpaceX IPO — and analysts fear crypto bear market
Bitcoin on Tuesday remained stubbornly low at roughly $61,000 after a brutal week of trading – and analysts are sounding the alarm that more downside could be in store as investors pivot to flashy artificial intelligence IPOs.
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Business Bitcoin sinks to $61K as Wall Street braces for SpaceX IPO — and analysts fear crypto bear market By Taylor Herzlich Published June 9, 2026, 3:27 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Bitcoin on Tuesday remained stubbornly low at roughly $61,000 after a brutal week of trading – and analysts are sounding the alarm that more downside could be in store as investors pivot to flashy artificial intelligence IPOs. The cryptocurrency briefly dropped below $60,000 last week – its lowest level since October 2024 and more than 50% off its record high last year above $126,000.
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