The Hidden Reason Behind Bitcoin's Massive Crash Below & #036;62K - Bitcoin Price Dropped Below & #036; 62,000 for the first time in three months, driven by macro pressures, ETF pullback and forced liquidity. Stribi CEO Matt Cole noted a correlation between Bitcoin's decline and the upcoming IPO of AI company Anthropic, which is trying to raise #036;64.4 billion, similar to the impact of SpaceX's IPO. The crypto market lost and #036; 330 billion per week, and analysts suggest that Bitcoin needs a return of liquid and positive catalysts to stabilize and recover from the slowdown.