Live markets: Bitcoin's flat action continues as SpaceX IPO, Nvidia earnings capture news cycle

A notable development has hit the crypto markets. 12 minutes ago · 1:51 PMStephen AlpherShare Share this post Copy link X (Twitter) LinkedIn Facebook EmailAs U. markets open on Thursday morning, the talk is about pretty much everything other than crypto.

Tech bellwether Nvidia (NVDA) last night reported an earnings beat and strong guidance, and shares are modestly higher in early trading. Perhaps overshadowing mighty Nvidia, Elon Musk's SpaceX (SPCX) filed for its IPO, which is expected to raise upwards of $80 billion at a valuation of $1.

Market Dynamics

Alongside SpaceX, Sam Altman's OpenAI is expected to file for its own public offering, perhaps as soon as this week. Another AI giant, Anthropic, may also soon be joining the IPO move.

The action is surely drawing attention — and capital — away from crypto, where the price action remains mostly muted, with bitcoin (BTC) trading in a tight range around $77,000 for the last 72 hours.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.