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Bitcoin touched $64,000 as two macro headlines converged: SpaceX's record-breaking initial public offering and reports of progress toward a US-Iran peace deal lifted appetite for riskier assets.
At least one trader warned, however, that key support levels for $BTC may not hold — a reminder that macro tailwinds and structural price dynamics are different things.
What an IPO Has to Do With Bitcoin An initial public offering — the moment a private company sells shares to the public for the first time — can shift large pools of capital.
When a marquee name like SpaceX executes a record-breaking IPO, it draws institutional and retail attention toward growth assets broadly, and crypto has long traded as a risk-on asset alongside tech equities.
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