Elon Musk’s space company SpaceX’s Bitcoin ( BTC) triggered the crisis in cryptocurrencies.
Critical information was published last night about SpaceX, the space company owned by Elon Musk. The company, which appeared to have sold 373 million dollars of BTC in 2021-2022, brought a 12.30 percent decrease in BTC. Finally, in mid-June, BTC, which was watching at these prices, pinned the bottom level of the last 2 months.
Price crashed due to news
The news flow, which has been giving a positive direction to cryptocurrencies recently, has turned the corner this time. Considering Elon Musk’s connection to the industry, SpaceX’s BTC sale has deeply affected investor psychology. Starting to decline from $ 28,660, BTC came to $ 25,131 and instantly lost 12,31 percent of its value.
Although the price points to $ 26,510 as of the writing of the news, the risky process in cryptocurrencies is not over yet. The SEC’s green light on ETH ETFs is added to the confusion that started last night, but the fear and panic among investors continues.
