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Bitcoin plummets to 26,000 after SpaceX announcement

Bitcoin plummeted as much as 9% to just over $26,000. The cryptocurrency last traded at $26,593.68, reflecting a decline of more than 8%. The fall in bitcoin comes hours after The Wall Street Journal reported that SpaceX, run by Elon Musk, wrote off the value of its bitcoin assets totaling $373 million in 2022 and 2021, and that the space travel company sold virtual currency. “This is one of the most brutal, minute-to-minute sell-offs we have seen in bitcoin history,” Ryan Rasmussen, researcher at Bitwise Asset Management, told CNBC. "The current assumption is that this is a...

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