BTC Stays Steady Ahead of SpaceX IPO Amid Eurozone Inflation Rise

The price of Bitcoin continues to hold its own near $62,600 as investors await the highly anticipated SpaceX IPO. The European Central Bank is also expected to raise interest rates on Thursday for the first time since August 2023.

The ECB's decision comes as eurozone inflation accelerated to 3.2% year over year in May, driven by higher energy prices and persistent inflationary pressures.

Meanwhile, XRP has broken below its 200-week simple moving average (SMA), joining solana and ether in signaling bearish momentum across major altcoins.