SpaceX’s initial public offering has attracted nearly $250 billion in orders against a target fundraising amount of $75 billion — meaning demand exceeds supply by almost four times. If the deal closes on these terms, it will become the largest IPO in history. The company is valued at $1.8 trillion.
The sharp liquidation event that took place on October 10, 2025, was less about price swings and more about a diagnostic test that exposed systemic risks linked to the deep structural fragmentation of the crypto market across centralised, decentralised and fragmented collateral systems.
On June 4, Bitcoin briefly dropped to around $61,300, marking one of its sharpest declines in recent months. The asset later recovered part of its losses and climbed back above $64,000. The last time Bitcoin traded near these levels was in February 2026.
The total crypto market capitalization has fallen sharply to $2.32 trillion. The decline has wiped out roughly 17% of the market value in less than three weeks.
CryptoQuant CEO Ki Young Ju has suggested when the bear trend in the crypto market could end, citing the profit and loss (PnL) indicator, and also named the factors that could accelerate Bitcoin’s recovery.
Data shows the crypto derivatives market has suffered a massive amount of liquidations following the plunge that Bitcoin, Ethereum, and other assets have seen.
Bitcoin dropped $1,600 in 60 minutes on Wednesday, falling below $73,000 for the first time in weeks. Ethereum fell to $1,978, down 4.42% on the day. XRP dropped to $1.28, down 3.56%. The total crypto market cap declined 2.97% to $2.45 trillion.
Bitcoin remained near the $77,000 level despite one of the largest liquidation events in recent months, as market participants observed signs of resilience among altcoins and broader cryptocurrency market positioning.
Analysts at the Santiment platform have identified what they believe could accelerate the beginning of a new bullish rally in the cryptocurrency market. Santiment stated that it has observed growing euphoria surrounding Bitcoin, attributing it to the recent approval by the US Senate Banking Committee of a compromise version of the CLARITY bill concerning stablecoin yields.
Venture funding for cryptocurrency projects declined by 75% in April compared with March, totaling approximately $660 million versus more than $2.6 billion the previous month, according to analysts at CryptoRank.
During the ongoing negotiations between the United States and Iran, an important development occurred regarding the Strait of Hormuz. According to reports from the U.S. media, the Iranian government announced that the Strait of Hormuz will remain “fully open” to all commercial vessels for the duration of the ceasefire. This move is seen as a significant signal regarding the security of global energy and trade flows.
South Korea is urging cryptocurrency exchanges to implement automatic trading curbs and stricter security measures after failures in internal controls exposed vulnerabilities capable of triggering sharp market disruptions. The Bank of Korea (BOK) warned that existing systems fall short of traditional financial standards.
Financial market data for March 2026 showed an overall decline in trading volumes and user interest in the cryptocurrency market. According to the published report, spot trading volume on major cryptocurrency exchanges decreased by approximately 19.4% compared to February 2026. A decline in volume was recorded across all major platforms operating during this period.
The total trading volume on centralized crypto exchanges dropped by 48% from its October 2025 peak to $4.3 trillion in March 2026. Binance maintained its dominant position in both spot and futures markets, according to CryptoQuant data.
On Easter Sunday, Donald Trump posted a message on Truth Social filled with strong language, demanding that Iran reopen the Strait of Hormuz or face military strikes by Tuesday. This triggered volatility across commodity and equity markets ahead of the trading week starting April 6. While stock futures declined and oil prices surged on geopolitical concerns, the cryptocurrency market moved in the opposite direction.
Over the past seven days, the stablecoin sector recorded net inflows: as of Saturday, April 4, total market capitalization increased by $1.242 billion to reach $317.134 billion. The top performer of the week was Sky’s USDS, which grew by 9.57% during the same period.
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