Bitcoin (BTC) has once again lost the $61,000 level, weighed down by geopolitical tensions in the Middle East and capital movements related to SpaceX’s impending IPO.
As of the publication of this article, June 9, 2026, Bitcoin is trading at $60,890:
As you can see from the previous graph, this movement Digital currencies wiped out any recovery recorded over the weekend And on Monday, after Strategy announced new BTC purchases. The strategy was proposed on Sunday, June 7th by the company’s founder, Michael Saylor, via his X account.
This fall coincides with worsening tensions in the Middle East. As reported by Reuters, Israel attacked the southern Lebanese port city of Tire on Tuesday, killing at least eight people.
The bombing occurred just one day after Israel and Iran halted direct attacks, brokered by US President Donald Trump. but, The Iranian government has warned that hostilities could resume if Israeli operations against Hezbollah within Lebanese territory continue.
The situation adds uncertainty to a market that was already under pressure due to the partial blockade of the Strait of Hormuz, a strategic route through which around 20% of the world’s oil passed before the conflict, as reported by CriptoNoticias.
In addition to geopolitical uncertainty, another event that has captured the attention of financial markets is the impending IPO of Elon Musk’s aerospace company SpaceX.
An IPO (Initial Public Offering) is the process by which a company goes public and offers its shares to the public for the first time. In this case, the business could become the largest IPO in history.
SpaceX is set to debut on June 12th under the ticker SPCX, with an estimated valuation of $1.77 trillion and close to $75 billion in funding.
For BloFin analysts, SpaceX’s IPO is part of a “mega-IPO” cycle that could suck liquidity from other risky assets, including BTC.
The hypothesis is that some investors will reduce their exposure to BTC in order to gain capital. We are facing new investment opportunities in the stock market (SpaceX, OpenAI, Anthropic).
This theory has gained traction in recent weeks, as some platforms linked to the digital asset ecosystem are already offering pre-IPO products related to SpaceX ahead of its debut on Wall Street.
Pre-IPO allows you to know the expected price of a company before its shares begin trading publicly. In this case, platforms such as Hyperliquid, Bitget, OKX, BingX, and Coinbase provide instruments related to SpaceX’s future valuation, but do not necessarily imply direct ownership of the company’s shares.
As tensions in the Middle East continue and uncertainty surrounding capital movement moves, investors will continue to look for signs to determine whether the current BTC correction is nearing an end or if there is still room for it to deepen.
