Bitcoin trades at $64,775, holding above $64,000 as SpaceX's stock lockup expires today. Elon Musk's company sees $101 billion in shares become tradable, ending its initial lockup period and introducing a new variable for investors tracking large corporate Bitcoin holdings.
SpaceX holds 18,712 BTC, a position valued at $1.1 billion as of late June. Whether the company moves any of that position — or whether the unlock triggers sentiment shifts in institutional crypto circles — is the question on the desk right now.
Bitcoin found buyers Monday near $62,500, bounced hard and pushed back above its 50-day moving average. That reclaim matters: it shifted short-term structure from bearish to neutral-to-bullish and set up the steadier price action holding now.
Alex Kuptsikevich of FxPro said optimism is concentrated in Bitcoin rather than the broader crypto market — a pattern he characterizes as typical of early-stage long-term bull cycles. Capital is rotating into the lead asset, not spreading across alts.
The equity backdrop deteriorated. The MSCI All Country World Index fell 0.2 percent, snapping a five-day rally as chipmakers sold off across global markets. South Korea's Kospi dropped 4.4 percent, with SK Hynix and Samsung leading losses — a direct read on the AI semiconductor trade turning cold.
Among major digital assets: Ethereum trades at $1,911, up 2.3 percent on the day but down 0.7 percent over seven days. XRP sits at $1.05, off nearly 3 percent on the week. BNB slipped over 1 percent to $595 but leads the majors with a 3.5 percent seven-day gain. Solana trades at $73.97, down nearly 1 percent today. Dogecoin fell to 7 cents. Tron held flat at 33 cents. Hyperliquid's HYPE token changed little at $56 but posted the strongest weekly performance among these assets, up over 4 percent.
SoftBank reports earnings today, offering another read on private-market AI confidence. The Japanese conglomerate has invested $34.6 billion into OpenAI through its Vision Fund 2 since September 2024 and also owns chip designer Arm. Those numbers will tell traders whether institutional conviction in private AI is holding.
In commodities, gold rose 0.4 percent to its strongest level since June as traders pulled back rate-hike expectations. Brent crude traded under $80 a barrel after Iran and Oman announced an agreement on a shipping route through the Strait of Hormuz.
