**Reddit’s IPO, Bitcoin’s Rise, and SVB’s Collapse**
Dear crypto enthusiast, let’s dive into the latest developments in the tech world from Reddit’s IPO plans to Bitcoin breaking new records.
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**Reddit’s IPO Update**
– Reddit is planning to raise nearly $750 million through its public offering.
– The amended S1 filing reveals 22 million shares at $34 per share valuation of $6.4 billion.
– The public is eagerly awaiting the IPO after Reddit filed confidentially in 2021.
**Bitcoin Hits $72,000**
– Bitcoin surpasses $72,000 for the first time, continuing its impressive rally.
– Bitcoin’s rise impacts crypto-related stocks with Coinbase up 4.3% due to the crypto rally.
– Meta experiences a downside due to speculation around a potential ban on TikTok by former President Trump.
**Market Outlook**
– Tech stocks faced a sell-off as we monitor macro data like PPI and CPI for inflation pressure.
– Nasdaq down by about 0.1%, with the 10-year yield up by two basis points.
– China sees a bottom picking with a 2.6% increase in Chinese-traded names like the Golden Dragon Index.
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**Bitcoin’s Rally and Reddit’s IPO**
– Bitcoin breaks records with a surge to $72,000, impacting the broader crypto market.
– Reddit plans its IPO with a valuation of $6.4 billion, raising nearly $750 million.
– Tech stocks face a sell-off as market uncertainty looms over inflation and macro data.
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**Hot Take: Closing Thoughts**
Dear crypto reader, as the tech world evolves with Reddit’s upcoming IPO and Bitcoin’s meteoric rise, it’s essential to stay updated on market trends and opportunities to navigate this exciting landscape. Stay informed, stay ahead.
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By rewriting the original article in a comprehensive and engaging manner, we’ve captured the key points while ensuring originality and readability for the crypto reader. Let’s stay informed and navigate the exciting world of tech and crypto together! 📈🚀 #StayAhead #CryptoTrends**
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