Israel attacked the port city of Tire in southern Lebanon on Tuesday.
Elon Musk’s aerospace company will begin trading on Wall Street on June 12.
Bitcoin (BTC) once again lost the $61,000 level, pressured by geopolitical tensions in the Middle East and capital movements linked to SpaceX’s imminent IPO.
At the time of publication of this article, June 9, 2026, bitcoin is trading at $60,890:
As seen in the previous graph, with this movement the digital currency erased all the recovery it had recorded over the weekend and on Monday, after Strategy announced a new BTC purchase. The operation was suggested on Sunday, June 7, by Michael Saylor, founder of the firm, through his X account.
The fall coincides with a worsening of tensions in the Middle East. According to reported Reuters, Israel attacked the port city of Tire in southern Lebanon on Tuesday, killing at least eight people.
The bombings occur just a day after Israel and Iran suspended their direct attacks following mediation promoted by US President Donald Trump. However, Tehran warned that it could resume hostilities if Israeli operations against Hezbollah in Lebanese territory continue.
The situation adds uncertainty to a market that was already under pressure due to the partial blockade of the Strait of Hormuz, a strategic route through which about 20% of the world’s oil transited before the conflict, as reported by CriptoNoticias.
Added to the geopolitical uncertainty is another event that concentrates the attention of the financial markets: the imminent IPO of SpaceX, Elon Musk’s aerospace company.
An IPO (initial public offering) is the process by which a company goes public and offers shares to the public for the first time. In this case, the operation could become the largest IPO in history.
SpaceX plans to debut next June 12 under the ticker SPCXwith an estimated valuation of $1.77 trillion and revenues close to $75 billion.
For BloFin analysts, the SpaceX IPO is part of a “mega-IPO” cycle that could absorb liquidity from other risk assets, including BTC.
The hypothesis is that some investors would be reducing exposure to BTC to have capital facing new investment opportunities (SpaceX, OpenAI and Anthropic) in the stock market.
This thesis has gained visibility in recent weeks because some platforms linked to the digital asset ecosystem already offer pre-IPO products related to SpaceX before its debut on Wall Street.
A pre-IPO allows you to gain exposure to a company’s expected price before its shares begin trading publicly. In this case, platforms such as Hyperliquid, Bitget, OKX, BingX and Coinbase offer instruments associated with the future valuation of SpaceX, although they do not necessarily imply direct ownership of company shares.
As tensions persist in the Middle East and uncertainty over the behavior of capital flows continues, investors will continue to look for signs that will determine whether the current BTC correction is close to ending or still has room to deepen.