Live updates: Bitcoin drops to $62,600 as some traders peg SpaceX’s IPO as ‘next catalyst’

Live Bitcoin price: Bitcoin steady above $63,000, BNB, SOL edge higher

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liveUpdated 25 minutes ago

Stocks recovered through SpaceX’s oversubscribed IPO, an Nvidia and SK Hynix chip pact, and Apple’s AI reboot, while crypto trailed.

By Shaurya Malwa

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The AI dip-buyers who hammered crypto last week came back overnight, just not for crypto.

MSCI’s Asia Pacific gauge rose 2.5%, South Korea’s Kospi climbed as much as 8% with SK Hynix up 11%, and the Nasdaq 100 added 1.6% as a semiconductor gauge gained more than 5%.

Crypto got none of that action. Bitcoin trades near $63,300, up about 0.8% over 24 hours, and ether near $1,691, up 1.8%, per CoinDesk data. BNB and Solana lead the majors at roughly 2.3%.

Every large token is still deep in the red on the week, with bitcoin off 10.8%, ether down 16%, Solana and Hyperliquid both off about 17%, and dogecoin down 14.7%.

Crypto sold off alongside AI shares last week when the rout was pinned on stretched chip valuations, and that beta has flipped on the way up.

By CoinDesk Research

May 29, 2026

Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.

Why it matters:

Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.


 

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