COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA·CRYPTO·
SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days.
As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The newly public company shed close to half of bitcoin's entire market value in three sessions after announcing its first bond sale. Bitcoin, absorbing the same backdrop, fell less than 1%.
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SpaceX's bond sale announcement triggered a significant market event, erasing nearly half of Bitcoin's total market capitalization in just three days. This substantial $600 billion plunge highlights the scale of the newly public company's valuation changes. Despite this dramatic…
SpaceX bond sale triggered plunge.
Nearly half Bitcoin market cap vanished.
Bitcoin fell less than 1%. Abbreviations: $600B: $600 billion.
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