GeneralNeutralCoinDesk · 3h ago5/10
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SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days.
SpaceX's recent bond sale announcement triggered a $600 billion market value decline over three days, nearly equivalent to Bitcoin's entire market capitalization, while Bitcoin itself experienced minimal volatility below 1%. This disproportionate reaction highlights how traditional equity market movements can dwarf cryptocurrency market swings despite Bitcoin's reputation for volatility.
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