Bitcoin steadies amid SpaceX stock slump and Middle East oil tension

SpaceX’s shares have fallen about 40% from their post‑IPO peak, dropping below the $135 offer price and cutting the company’s market value from over $2.8 trillion to roughly $1.6 trillion. Leveraged crypto contracts linked to SpaceX stock still hold about $600 million in open positions, according to CoinGlass data.

British‑listed Bitcoin firm Satsuma Technology will hold a shareholder vote on July 20 to decide whether to sell its entire holding of 668.48 BTC and to delist from the London Stock Exchange.

Meanwhile, Bitcoin’s price hovered near US$64,000, and its market‑share (BTC dominance) rose to 59.1%, the highest level in a month. Analysts attribute the rise to renewed geopolitical risk in the Strait of Hormuz, which has revived concerns over oil‑supply disruptions and prompted a potential $2.04 billion long‑position liquidation zone around $64,200. Despite lower‑than‑expected US CPI data and fresh inflows into spot Bitcoin ETFs, market sentiment remains risk‑averse.

These developments illustrate how both corporate events and macro‑geopolitical factors are influencing cryptocurrency market dynamics.