bitcoin is having a rough streak, down for the sixth week in a row, with prices dropping 11% just this month. That adds up to a 21% fall so far in 2026.
One possible explanation is that investors may be freeing up capital for Anthropic's massive upcoming IPO, which is creating serious buzz.
Anthropic IPO $64.4B NVIDIA $10B commitment
Anthropic's IPO is set to raise $64.4 billion and demand is off the charts: orders are six times higher than available shares.
NVIDIA has committed around $10 billion to the private placement, while Anthropic is targeting a fully diluted valuation of about $1.4 trillion when ANT hits Nasdaq.
This isn't the first time an IPO has shaken up crypto; another big IPO earlier this year also sent bitcoin tumbling.
Add in news involving Jensen Huang's resignation as CEO of NVIDIA and talk of a possible Federal Reserve interest rate hike, and it's no surprise bitcoin holders are feeling the pressure right now.