The crypto market is green across the board today, and the timing is no accident. SpaceX just went public in the largest IPO in history, the event that has been draining liquidity from crypto for two weeks is finally here, and traders are positioning for what comes after. Bitcoin, Ethereum, XRP, and Solana are all up. Here is the full market roundup and what is moving each coin.
The total crypto market is rising on June 12, 2026, with most major coins in the green (live crypto prices on CoinGecko). The mood has shifted from the relentless selling of the past two weeks to cautious optimism, helped by easing US-Iran tensions and the long-awaited SpaceX IPO finally pricing. Here is where the major coins stand and what is driving each.
Bitcoin (BTC) price today
Bitcoin is trading near $63,262, up about 0.4% on the day. It briefly retraced after the US Producer Price Index came in hot at 6.5% year-over-year, but buyers defended the demand zone and BTC recovered. The $64,000 level is the key resistance to reclaim, with a move above it targeting $66,500. On the downside, the $59,000 to $60,000 band is the critical support that has held through the crash. Bitcoin dominance remains elevated near 56%, a sign capital is still favoring the safest large-cap.
Ethereum (ETH) price today
Ethereum is trading near $1,661, up about 0.6%, with its RSI improving to 31.45 as buyers return at lower levels. ETH has been the relative laggard during this selloff, its dominance sliding to multi-year lows, but the technical picture is stabilizing. Treasury firms like BitMine keep accumulating despite billions in paper losses, ETF inflows have returned, and the Glamsterdam upgrade remains on track for the second half of 2026. Reclaiming $1,800 and then $2,000 is what ETH needs to rejoin the recovery.
XRP price today
XRP is trading near $1.13, up about 2.4%, its strongest session in over a week. The move comes as legal clarity improves and institutional appetite returns. Ripple has been busy: it joined Mastercard’s Agent Pay AI payment network, expanded its Bitso stablecoin partnership in Latin America, and has an XRP Ledger 3.2.0 upgrade landing June 15 that could cut server usage by up to 40%. Glassnode data also shows XRP holders capitulating, which historically suggests a bottom may be near. Key resistance is $1.20, with support at $1.10 and the critical $1.00 below.
Solana (SOL) price today
Solana is trading near $66.76, up about 2.8%, outperforming the large caps. Two catalysts are helping: the tokenized SpaceX share launch is happening on crypto rails, and elevated FIFA World Cup fan token volumes are driving on-chain activity on Solana’s network. SOL also continues to attract the only positive ETF flows among major assets in several recent sessions. Support sits at $62 with resistance at $70.
The SpaceX IPO: the day’s biggest story
The dominant event is SpaceX going public. Elon Musk’s company priced its shares at $135, raising about $75 billion in the largest IPO ever, with a fully diluted valuation near $1.8 trillion. The stock opens for trading on the Nasdaq today.
The crypto connection is direct. A SpaceX-linked perpetual contract on Hyperliquid, trading as SPCX, has rebounded to imply roughly a 36% premium to the $135 IPO price, and shadow markets point to a strong first-day gain. Tokenized SpaceX shares are launching through crypto platforms, letting retail buy in at the IPO price. Most importantly, the IPO that drained crypto liquidity for two weeks is now here, which means that specific overhang is clearing. Capital sidelined for SpaceX can start rotating back toward risk assets, including crypto.
What else is moving the market
Several other forces shape today’s tape. US PPI inflation hit 6.5%, a hot reading that briefly pressured prices and pushed September rate-hike odds to around 40%, keeping the Fed firmly in focus ahead of the June 17 FOMC meeting. Japan’s parliament advanced a bill to reclassify crypto as financial instruments and cut the crypto tax rate from 55% to a flat 20%, a major regulatory tailwind for Asia. And the FIFA World Cup kickoff is boosting fan token volumes across several networks. Hyperliquid’s HYPE led all majors with a 7.24% gain on strong derivatives volume.
Bottom line
The crypto market is green today as the SpaceX IPO clears a major liquidity overhang and risk sentiment improves. Bitcoin holds $63,000, Ethereum stabilizes, XRP leads on Ripple news, and Solana outperforms on tokenization and World Cup activity. The hot PPI print is a reminder that macro pressure has not vanished, and the June 17 FOMC remains the next big test. But after two brutal weeks, a green board with the biggest liquidity drain now behind the market is a meaningful shift in tone.
FAQ
What is the crypto market doing today?
On June 12, 2026, the crypto market is green across the board. Bitcoin trades near $63,262, Ethereum near $1,661, XRP near $1.13, and Solana near $66.76, all up on the day as the SpaceX IPO clears and risk sentiment improves.
How is the SpaceX IPO affecting crypto?
SpaceX priced its IPO at $135 per share, raising $75 billion. For two weeks, investors sold crypto to free up cash for the offering, pressuring prices. Now that it has priced, that liquidity drain is clearing, which could let sidelined capital rotate back into crypto.
Why did Bitcoin retrace today?
Bitcoin briefly pulled back after US PPI inflation came in hot at 6.5% year-over-year, above expectations, which raised September rate-hike odds to around 40%. Buyers defended the demand zone and BTC recovered to near $63,262.
Which crypto is performing best today?
Among major coins, Solana and XRP led with gains around 2 to 2.8%, while Hyperliquid’s HYPE topped the large caps with a 7.24% rise. Bitcoin and Ethereum posted smaller gains under 1%.
What is the next big catalyst for crypto?
The June 17 FOMC meeting is the next major event, where the Fed’s updated rate outlook will shape risk sentiment. With the SpaceX IPO now cleared, traders are watching whether capital rotates back into crypto ahead of that meeting.
Why is XRP up today?
XRP rose about 2.4% on improving legal clarity and a series of Ripple developments, including joining Mastercard’s AI payment network, expanding its Bitso stablecoin partnership, and an upcoming XRP Ledger upgrade on June 15. Glassnode data showing holder capitulation also suggests a possible bottom.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research and never invest more than you can afford to lose.
