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Crypto exchange Bybit has launched its IPO Express service, offering tokenized access to SpaceX's highly anticipated public listing. This move allows retail investors to buy shares at official underwritten prices, bypassing traditional Wall Street exclusivity and marking a significant step in the convergence of crypto
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Despite online speculation that retail crypto holders are liquidating Bitcoin to fund SpaceX IPO allocations, on-chain analytics and stablecoin flows reveal no abnormal cashing out from the crypto market.
Bitcoin's recent drop to $72,000 has ignited a tug-of-war between retail dip-buyers and institutional sellers, raising questions about the market's immediate direction and the resilience of bullish sentiment.