Why Bitcoin crashed to $26,000: Elon Musk’s SpaceX, Interest Rate fears, or something else?
Bitcoin experienced a sudden drop in price, falling approximately 8% within a span of 10 minutes, leading to speculation from analysts regarding the potential causes. What you need to know: Some theories include Elon Musk’s SpaceX selling its Bitcoin holdings worth $373 million, concerns about interest rate hikes, and the impact of rising government bond […]
Elon Musk-owned SpaceX reportedly sold $373 million of its Bitcoin Holdings
According to a report from the Wall Street Journal, SpaceX, the space exploration company led by Elon Musk, wrote down the value of its bitcoin holdings by $373 million in 2020 and 2021. The report suggests that the company has also sold some of its bitcoin, although the exact amount and timing were not disclosed. […]