Crypto Markets Slide Amid Risk-Off Sentiment as SpaceX IPO Plans Surface

Key Facts

1Bitcoin fell below $66,000 and Ethereum dropped below $2,000, hitting their lowest levels in over two weeks.

2Foreign investors accelerated their exit from Indian equities amid a broader risk-off sentiment.

3Elon Musk’s SpaceX is reportedly considering plans for a retail-heavy initial public offering (IPO).

4SoftBank signaled a renewed push into artificial intelligence with a massive financing deal.

Global markets concluded the week on a cautious note as major cryptocurrencies experienced a significant downturn. Bitcoin fell below the $66,000 threshold, while Ethereum dropped under $2,000, marking their lowest levels in over two weeks. This decline was mirrored in the Indian equity markets, where foreign investors accelerated their exit amid rising geopolitical tensions and energy costs. Despite the broader selloff, market attention was captured by reports that Elon Musk’s SpaceX is considering a retail-heavy initial public offering. Additionally, SoftBank signaled a renewed commitment to artificial intelligence through a substantial new financing agreement. Collectively, these developments highlight a shift toward risk aversion as investors navigate a complex macroeconomic landscape.