Easing Geopolitical Risk Fuels Strong Rebound in U.S. Stocks and Crypto as SpaceX IPO Draws Attention

SpaceX's planned initial public offering is seen by the market as potentially the largest ever. Expectations of a vast fundraising have prompted investors to position early, at one point diverting capital from risk assets such as Bitcoin. Meanwhile, the prospect of U.S. military action against Iran has driven global demand for safe-haven assets, meaning the policy shift affected both U.S. equities and crypto markets.

As of July 20, 2026, U.S. President Donald Trump had canceled plans to attack Iran, easing geopolitical tensions and triggering a strong rebound in U.S. stocks. Bitcoin first climbed back above $63,000 and, according to the latest reports, briefly reached $64,000. Traders nevertheless warned that a key price support level could still crumble, while the capital displacement ahead of SpaceX's listing had not fully subsided.