CPI, SpaceX and Anthropic: Why the price of Bitcoin may continue to trade sideways in the next two weeks

As the market expects Anthropic to be about to IPO, the crypto market may remain calm, as investors seem to be shifting their funds towards this year's largest AI listing transaction. A similar pattern occurred before the listing of SpaceX in June; at that time, Bitcoin and altcoins were weak, while funds flowed towards this new stock.

The listing of Anthropic is generally expected to take place within the next one to two weeks, although the company has not yet confirmed a specific date. The US CPI report released on Tuesday may cause short-term fluctuations, but it is unlikely to change the overall trend.

Bitcoin's recent pullbacks have been highly consistent with the trend of NASDAQ. The NASDAQ index tumbled significantly after the mid-term elections, but then rebounded on Monday, as the market cleared liquidity at lower levels. If tech stocks continue to recover, Bitcoin is likely to follow suit and rise as well. However, before IPO ends, the likelihood of a clear breakout is not high.

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