---
title: "Crypto Market Cap Slips as SpaceX IPO Rotates Capital Into Stocks"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289876338.md"
description: "The crypto market cap dropped 0.48% to $2.23 trillion as capital rotated into equities following SpaceX's IPO. Bitcoin fell slightly, while Audiera (BEAT) plummeted 27%. Meanwhile, attackers drained $2.1 million from a Thetanuts Finance vault, with partial recovery by whitehats. Additionally, FIFA's launch of World Cup ticketing on Avalanche boosted AVAX nearly 8%."
datetime: "2026-06-16T06:44:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289876338.md)
  - [en](https://longbridge.com/en/news/289876338.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289876338.md)
---

# Crypto Market Cap Slips as SpaceX IPO Rotates Capital Into Stocks

The total crypto market cap fell 0.48% in 24 hours to $2.23 trillion as risk capital rotated into equities after SpaceX listed last Friday and extended gains Monday. According to BeInCrypto, Bitcoin slipped 0.49% to $65,825, while Audiera (BEAT) dropped about 27% to near $4.00, extending a 67% slide from its June 12 peak near $11.55; the report said top holders control about 92% of BEAT supply. Separately, it noted attackers drained about $2.1 million from a deprecated Thetanuts Finance vault, with whitehats recovering roughly $2 million in option tokens, and said FIFA is running 2026 World Cup ticketing, loyalty and collectibles on a custom Avalanche blockchain, lifting AVAX nearly 8% in 24 hours.

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## Related News & Research

- [SpaceX joins Bitcoin's top 8 club with 18.7K holdings: Bulls back alive](https://longbridge.com/en/news/289630479.md)
- [ANALYSIS-Why the blockbuster SpaceX IPO may spell more bad news for crypto](https://longbridge.com/en/news/289306537.md)
- [Kingdom Holding Announces Latest Development On Its Investment In SpaceX](https://longbridge.com/en/news/289680648.md)
- [BUZZ-SpaceX surges after blockbuster IPO debut](https://longbridge.com/en/news/289819282.md)
- [SpaceX opens at $150 per share.](https://longbridge.com/en/news/289619238.md)