Bitcoin was yesterday on course for its worst week since 2022 as ‘bored’ crypto investors turn their attention to next week’s record-breaking £1.3trillion SpaceX float.
The world’s biggest cryptocurrency was down 15 per cent over the period, falling yesterday to as low as $61,117, the lowest level since February and more than 50 per cent below its peak last October.
It came as investor enthusiasm grew ahead of the much-anticipated initial public offering (IPO) for Elon Musk’s SpaceX next week.
UK investors were this week told that they have until 7pm next Wednesday to apply for shares in the historic sale.
SpaceX, a rocket launch firm which also includes satellite giant Starlink, artificial intelligence (AI) business xAI and social media platform X, plans to raise £56billion in the IPO – possibly rising to £64billion depending on demand.
