BUSINESSJun 23 · 06:23 UTCCOINDESKShaurya Malwa

SpaceX’s $600 billion plunge erased equivalent of nearly half of bitcoin’s market cap in 3 days

SpaceX's market value dropped by $600 billion, erasing nearly half of Bitcoin's market cap over three days. The decline in SpaceX's valuation equated to a significant portion of the cryptocurrency's total value in a short timeframe.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

SpaceXorganizationBitcointopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJun 2 · 12:38 UTC
Live markets: bitcoin's plunge continues, putting February $60,000 low back in play
BUSINESSMay 18 · 14:26 UTC
Live markets: Bitcoin gives up all of May's gains, slipping below $77,000
BUSINESSMay 19 · 19:22 UTC
Bitcoin Price Slides Below $77,000 as ETF Exodus Tops $1 Billion
BUSINESSJun 8 · 12:21 UTC
Morning Minute: Bitcoin Recovers After Fall Below $60k
BUSINESSJun 2 · 16:09 UTC
Bitcoin’s Inflation-Hedging Promise in Tatters After 36% Plunge
BUSINESSJun 4 · 02:13 UTC
Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out