SpaceX IPO Drains Liquidity as Inflation Hits Three-Year High

Markets face dual headwinds as SpaceX's four-times-oversubscribed IPO absorbs capital from crypto and tech, while inflation surges above four percent-forcing traders to reassess positioning across risk assets. Bitcoin trades at sixty-one thousand dollars amid institutional outflows and macro pressure, with the CPI report reinforcing the Fed's higher-for-longer stance. Meanwhile, crypto tax bills face pushback in Congress, major banks plan joint stablecoin launches, and Botanix shuts down citing weak Bitcoin DeFi demand. We cover the liquidity squeeze hitting both markets, regulatory developments shaping the digital asset landscape, and key technical levels traders are watching as volatility spikes heading into critical Fed decisions.