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Bitcoin sinks to $61K as Wall Street braces for SpaceX IPO — and analysts fear crypto bear market

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Bitcoin sinks to $61K as Wall Street braces for SpaceX IPO — and analysts fear crypto bear market
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Business Bitcoin sinks to $61K as Wall Street braces for SpaceX IPO — and analysts fear crypto bear market By Taylor Herzlich Published June 9, 2026, 3:27 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Bitcoin on Tuesday remained stubbornly low at roughly $61,000 after a brutal week of trading – and analysts are sounding the alarm that more downside could be in store as investors pivot to flashy artificial intelligence IPOs.

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Original publisherNew York Post
Canonical URLhttps://nypost.com/2026/06/09/business/bitcoin-sinks-to-61k-as-wall-street-braces-for-spacex-ipo-analysts-fear-crypto-bear-market/
Publication timeTue, 09 Jun 2026 15:27:36 -0400
Retrieval time2026-06-09T19:30:00.685Z
Last seen2026-06-09T19:30:00.685Z
Headline sourcePublisher (no WeSearch rewrite)
Excerpt sourcepublisher body
Excerpt methodFirst ~120 words (~800 chars) of extracted publisher body, fair-use limited.
SummaryWeSearch · cerebras-chat (WeSearch summarizer)
Summary source textcontentText
Citation coverageSummary is a WeSearch-generated derivative; primary citation is the original publisher URL.
ClusterQ-jfuYRX1Eg3
Cluster logicGrouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison.
Ranking reasonStory pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking.
Publisher visitYes — open original
Substitutes article?No — link-out required for full text

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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

Business Bitcoin sinks to $61K as Wall Street braces for SpaceX IPO — and analysts fear crypto bear market By Taylor Herzlich Published June 9, 2026, 3:27 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Bitcoin on Tuesday remained stubbornly low at roughly $61,000 after a brutal week of trading – and analysts are sounding the alarm that more downside could be in store as investors pivot to flashy artificial intelligence IPOs. The cryptocurrency briefly dropped below $60,000 last week – its lowest level since October 2024 and more than 50% off its record high last year above $126,000.

Excerpt limited to ~120 words for fair-use compliance. The full article is at New York Post.

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