Bitwise CIO: US Stocks, Crypto Down in Tandem Possibly Due to Mega IPO

BlockBeats News, June 5th, Bitwise CIO Matt Hougan stated in a post that despite strong job data, both the US stock market and cryptocurrency experienced a sharp pullback today. This is because the market is concerned that the upcoming mega IPOs (such as SpaceX, Anthropic) could drain liquidity and serve as a short-term top signal for the tech rally.