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Are Whales Selling Bitcoin For The Anthropic IPO? The SpaceX Playbook Hints A Bottom Is Near

By Michael B

Bitcoin is bleeding ahead of the biggest AI listing in history. But if the market follows the script it wrote just five months ago, the selling could soon run out of fuel. BTC dropped below $67,000 this week, its weakest level since August, as investors pulled money from spot ETFs ahead of the Anthropic IPO. […]

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Initial public offering

The first sale of a private company's shares to the public, after which the shares trade on a stock exchange.

An IPO raises money for the company and lets early owners and investors sell part of their stake.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

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