Bitcoin Holds Near $77.5K as Chun Wang Leads SpaceX Mars Mission

Bitcoin is consolidating around $77,500 with resistance at $82,000–$83,000 and support near $75,000. The story began on May 22 when F2Pool co-founder Chun Wang was named commander of SpaceX’s two-year private Mars flyby, coinciding with disclosures that SpaceX holds 8,285 BTC and filed for a $1.75 trillion IPO. Wang’s pool controls 11.3% of global hashrate and he personally holds over $300 million in Bitcoin. By May 25, reports highlighted his role in mining roughly 1.3 million BTC while price action remained range-bound without a breakout. The narrative continues to link crypto prominence with high-profile space ventures but has produced only modest sentiment effects so far.