Bitcoin price returned to positive territory as crypto traders reacted to SpaceX pricing its initial public offering at $135 per share, a move that turned one of the biggest equity-market stories of the day into a fresh risk signal for digital assets.
According to CoinMarketCap, Bitcoin rose to roughly $63,704, recovering ground lost during the early-June selloff.
SpaceX Record IPO
That momentum followed SpaceX’s record IPO, which raised $75 billion, valuing the company near $1.75 trillion, and drawing more than $250 billion in demand. The company sold 555.5 million Class A common shares at $135 per share, breaking the record for the largest IPO in history.
As crypto has recently traded as a high-beta risk asset, the scale of investor demand for SpaceX helped improve sentiment across major tokens.
The next test is SpaceX’s first public trading session under ticker SPCX. A strong debut could reinforce the recovery in crypto, while a weak opening may challenge the short-term rebound and return attention to recent ETF outflows, volatility, and fragile market confidence.
Crypto Prices on the Rise
The rebound was not limited to Bitcoin. Solana price gained 3%, XRP and Dogecoin each rose 2.3%, and Hyperliquid jumped 7.6% on the day before the recovery.
Still, Dogecoin’s move looked muted compared with past Musk-linked market reactions, even though SpaceX is closely tied to Elon Musk. That reaction matters because Dogecoin has historically been sensitive to Musk-related headlines. This time, however, it moved mostly in line with the broader market, suggesting traders were focused less on meme-token speculation and more on macro risk appetite.
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