Why Bitcoin Price Dropped: SpaceX, Evergrande, and Whale Movements!

Bitcoin, the largest cryptocurrency by market value, saw a major decline on Friday. In the past 24 hours, BTC dropped from around $29,000 to $25,166. According to Coinglass data, over $1 billion worth of positions were liquidated during the sell-off. The amount of Bitcoin liquidated was the highest seen in a single day since the market turmoil in June 2022. Within the past 24 hours, $500 million worth of BTC positions were liquidated, with $375 million of that coming from Long positions.

LAST MINUTE: SpaceX Company Sold Bitcoin Assets!

It has been revealed in the latest reports of Elon Musk's aviation technology company SpaceX that the company has sold its Bitcoin assets.

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