rt<\/a><\/li>\n<\/ul>\nKey theme: The AI infrastructure buildout is the dominant force behind H1 2026 capital markets activity, with tech hyperscalers flooding bond markets to fund data center spending, while the equity markets are being energized by a long-awaited wave of high-profile IPOs.<\/p>\n
A potential bright spot<\/p>\n
A potential positive is there is rumblings that OpenAI and Anthropic IPO may be off as a result of the dip in AI sentiment. That may free up some dough for buying Bitcoin. <\/p>\n
However, watch the price action and technicals for clues that the theme might be playing out. <\/p>\n
This article was written by Greg Michalowski at investinglive.com.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has spent today’s session chopping around the $60,000 level, trading between a low of $58,241 and a high of $60,656. Yesterday’s low of $58,035 was the weakest level since September 17, 2024.From a technical perspective, the recent slide has pushed the price below its 200-week moving average, currently at $62,446. Over the previous four weeks, Bitcoin repeatedly dipped below that key long-term average but managed to close each week back above it. This week is different. Unless buyers can reclaim that level before the weekly close, the break would represent a more meaningful bearish shift in the longer-term trend.There is, however, one modest positive for the bulls. This week’s low stalled just ahead of the 61.8% retracement of the rally from the November 2022 low to the October 2025 peak. That retracement level comes in at $57,802, and yesterday’s low of $58,035 held just above it. For now, that Fibonacci level is acting as an important line of defense.To improve the technical outlook, buyers first need to push the price back above the 200-week moving average at $62,446. If they can accomplish that, the next upside targets come into view:
\nFalling 100-day moving average: $71,714
\n50% midpoint of the 2022-2025 rally: $70,876Until then, the path of least resistance remains lower and the sellers retain firm control.Strategy (MSTR) feeling the pain as Bitcoin slidesA major proxy for Bitcoin’s performance is Strategy, the company led by Michael Saylor. The firm has built its business model around issuing shares and debt to accumulate Bitcoin and is widely regarded as the largest private holder of the cryptocurrency, with holdings reportedly valued at roughly $50 billion.With an estimated average purchase price near $75,000 per Bitcoin, the company’s position is currently underwater, and its stock price is reflecting that pressure.On the weekly chart, Strategy shares are trading at $85.65, after falling to a low of $82.33 this week. Technically, the picture is deteriorating:
\nPrice is well below the 100-day moving average at $141.58
\nPrice is also below the 200-day moving average at $157.91
\nShares have fallen back into the massive trading range that defined price action from February 2021 through February 2024.
\nThat long-term range spans $14.59 to $89.14, and with the stock now trading near the top of that former range, the next battle for buyers will be determining whether this area can once again provide support or whether an even deeper correction lies ahead.Getting back above the $89 and 14% level and then working back toward the 100 day moving average at $141.58 would give the buyers more confidence, but right now, there is nothing positive from the longer-term chart perspective.Fundamentally, bitcoin tends to be a risk on asset. With global uncertainty and threats of interest rates moving higher, some of the risk on sentiment has faded. Also, IPO issues and debt issuance for AI have been a major influence that potentially has taken funds from Bitcoin:Major Debt Issuances (H1 2026)Tech \/ AI Hyperscalers dominated the bond markets:SpaceX \u2013 Went public in June but also tapped capital markets heavilyOracle \u2013 Oracle was the first large tech company to test the debt market in 2026, with a $25 billion bond offering. Oracle announced a full 2026 plan to raise $45\u2013$50 billion total, with Goldman Sachs leading the bond offering. Alphabet (Google) \u2013 Alphabet priced a $20 billion seven-part dollar offering in February, upsized from $15 billion after drawing over $100 billion in orders \u2014 among the largest order books ever for a corporate bond. Alphabet’s total raise ultimately exceeded $30 billion, and it also issued a rare 100-year sterling bond as part of a multi-tranche, multi-currency deal spanning dollars, euros, and sterling. Nvidia \u2013 Nvidia sold $25 billion of high-grade bonds, attracting as much as $85 billion in orders (over 3x oversubscribed). The deal was boosted from an initial target of ~$20 billion. Sovereign Bonds:Governments worldwide issued a record $504 billion in syndicated bonds through banks in H1 2026, surpassing the previous record set during COVID in H1 2020. Italy led with roughly $81 billion, making it the top sovereign borrower for the eighth time in the past decade. Germany tapped the market with \u20ac14 billion across three syndicated deals.Broader Market:Q1 2026 produced the largest quarterly U.S. corporate bond issuance total since Q2 2020, at $775.2 billion \u2014 a 70.3% quarter-over-quarter increase and 15.6% year-over-year increase.Year-to-date through May 2026, U.S. corporate bond issuance reached $1.226 trillion, up 21.1% year-over-year.Major Equity Issuances \/ IPOs (H1 2026)SpaceX (SPCX) \u2013 SpaceX went public on June 12, 2026, becoming the biggest IPO in history. The company was valued at $1.77 trillion based on its $135 per share listing price and raised roughly $75 billion. Cerebras Systems (CBRS) \u2013 Cerebras priced its IPO at $185 per share in an upsized raise of $5.6 billion, with investors hungry for AI equities propelling the stock 68% higher on its first day.Fervo Energy (FRVO) \u2013 Texas-based geothermal company Fervo Energy scored the title of biggest renewable energy IPO ever, bringing in $1.89 billion in proceeds. Blackstone Digital Infrastructure Trust (BXDC) \u2013 Blackstone raised $1.75 billion via this REIT focused on acquiring AI data center assets. Quantinuum (QNT) \u2013 The quantum computing firm’s IPO valued it at roughly $15.6 billion, a significant jump from its $10 billion private valuation in 2025. Overall IPO Market:According to Renaissance Capital, $34.2 billion was raised through May 31, 2026, up 163.9% from the same period a year ago, with 113 total IPOs \u2014 a 10.5% increase from a year prior. rtKey theme: The AI infrastructure buildout is the dominant force behind H1 2026 capital markets activity, with tech hyperscalers flooding bond markets to fund data center spending, while the equity markets are being energized by a long-awaited wave of high-profile IPOs.A potential bright spotA potential positive is there is rumblings that OpenAI and Anthropic IPO may be off as a result of the dip in AI sentiment. That may free up some dough for buying Bitcoin. However, watch the price action and technicals for clues that the theme might be playing out.
\n This article was written by Greg Michalowski at investinglive.com.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-240","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/ea.nolimitalgo.com\/brokerhub\/wp-json\/wp\/v2\/posts\/240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ea.nolimitalgo.com\/brokerhub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ea.nolimitalgo.com\/brokerhub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ea.nolimitalgo.com\/brokerhub\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ea.nolimitalgo.com\/brokerhub\/wp-json\/wp\/v2\/comments?post=240"}],"version-history":[{"count":0,"href":"https:\/\/ea.nolimitalgo.com\/brokerhub\/wp-json\/wp\/v2\/posts\/240\/revisions"}],"wp:attachment":[{"href":"https:\/\/ea.nolimitalgo.com\/brokerhub\/wp-json\/wp\/v2\/media?parent=240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ea.nolimitalgo.com\/brokerhub\/wp-json\/wp\/v2\/categories?post=240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ea.nolimitalgo.com\/brokerhub\/wp-json\/wp\/v2\/tags?post=240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}