$350 billion IPOs of SpaceX, others may be behind Bitcoin's dip: Report

Bitcoin, which recently fell to a four-month low of $61,322 may have declined as investors sold part of their holdings to raise cash for upcoming IPOs worth about $350 billion, Moneycontrol reported citing CNBC. The expected listings include SpaceX, OpenAI and Anthropic. Investors are reportedly shifting funds into these IPOs, which are expected to launch over the coming months.