Bitcoin edged up to about 63,700 on June 12, 2026, even as crypto exchanges scrapped their tokenized SpaceX deals and refunded users.
SpaceX IPO hit $2T+ on June 12; while exchanges canceled tokenized deals, Bitcoin held firm at ~63,700 (+1.1%) despite the disruption. The crypto market's resilience signals the feared IPO drain is fading — critical for tech leaders planning asset allocation.
Key Facts
Bitcoin firmed about 1.1% to around 63,700 on Friday June 12 — a steady, slightly higher day.
The SpaceX crypto trade fell apart, with exchanges canceling tokenized deals and refunding users.
Crypto rose anyway, the feared cash drain from the listing not materializing.
Space and SpaceX-linked tokens dropped, caught in the failed deal rather than the broad market.
Bitcoin held near 63,000 as the record SpaceX listing made its debut, the cash drain traders feared failing to bite as crypto,…
ETF outflows persist as SpaceX IPO amasses liquidity.
June 12 : U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX's market debut, snapping…
Participants were refunded and did not receive shares in the record-breaking SpaceX IPO from Elon Musk's rocket company.
The SpaceX (NASDAQ:SPCX) trading debut Friday is quietly creating a Bitcoin
SpaceX's record $75 billion IPO exposed cracks in crypto's tokenized equity model after xStocks failed to deliver over $1 billion…
Crypto Firms Scrap Tokenized SpaceX Share Offerings as SPCX Surges After IPO - Decrypt
