Bitcoin Drops Below $73,000 a Week Before Anthropic's Nasdaq Debut
Bitcoin slid under $73,000 on Tuesday, its first trip below that level since August 20, roughly a week before Anthropic is set to start trading on Nasdaq. The move echoes the 29% slide that ran into SpaceX's record June listing. Traders are split on whether the two events are actually linked.
- Original source: beincrypto.com.
- The source published it on Nov 10, 2026 at 5:18 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
Bitcoin traded at $72,891 at press time, down 2.7% over 24 hours. The coin has shed nearly 17% from its September 21 peak above $87,000. Anthropic, the company behind the Claude chatbot, expects its first trades on November 19 at a range of $70 to $78 per share, and cut its IPO size to $64.4 billion on Tuesday.
The June comparison is hard to miss. Bitcoin lost nearly 29% between its May high and its June low, hitting about $59,000 on June 5 — a week before SpaceX's June 12 debut. It then set a lower low near $57,700 on July 1, and SpaceX raised more than $85 billion. Bitcoin stayed below $67,000 until August 19, leaving holders two months to wait for a lasting rebound.
Traders are drawing the parallel out loud. “That’s TWO major IPO events coinciding with massive Bitcoin corrections,” noted Crypto Rover, a popular user on X. BitMEX co-founder Arthur Hayes made a similar case in a November 5 newsletter, arguing new AI shares will absorb bank credit — the dollar supply he credits for crypto rallies. BeInCrypto reported that warning when Bitcoin traded near $80,000, and Hayes himself conceded the bank data he cited was a single weekly reading.
Bitcoin's own market is thinner too. Average daily spot volume — coins bought and sold outright on exchanges — has fallen to 126,000 BTC in 2026, according to Coin Metrics data compiled by Unfolded. That is the lowest yearly level since 2016, 72% below the 453,000 BTC traded each day in 2022 and 16% below 2025. Fewer coins changing hands could mean more supply now sits in ETFs and long-term wallets, leaving markets thin enough for large sell orders to push the price further.
US inflation is adding pressure. Consumer prices rose 0.4% in October, above the 0.3% forecast. The Federal Reserve raised rates in September and meets again in December. Economist Peter Schiff pointed to a longer slide, writing that Bitcoin has never fallen in two calendar years in a row in its 18-year history, but fell 6.34% last year and is down 16.5% so far in 2026.
Anthropic's first trades, expected November 19, will test whether the June sequence repeats or whether US inflation now sets Bitcoin's direction.
TopicsBitcoin · Anthropic · SpaceX · Nasdaq · Arthur Hayes · BitMEX · Peter Schiff · Coin Metrics
Source: beincrypto.com
Written by Paparazzi with AI. Not financial advice.
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