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SpaceX’s Bitcoin dump triggers chain reaction, liquidations surpass $1 billion

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cryptocurrency markets were jolted by SpaceX’s unexpected decision to divest its considerable Bitcoin holdings, leaving experts and enthusiasts alike questioning the rationale behind this move. As Bitcoin’s price plunged below $26,000 following the sale, a domino effect

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‘Musk effect’ sees crypto named after SpaceX’s Starlink satellites gain over 140% in three days

In a bizarre event, a cryptocurrency with the same name as SpaceX's satellite range "Starlink" jumped over 140% as Elon Musk's space technology company launched 53 of them into the Earth's lower orbit.Watch Falcon 9 launch 53 Starlink satellites to orbit → https://t.co/bJFjLCzWdK https://t.co/dgHuF6SIZ4— SpaceX (@SpaceX) November 13, 2021 Written

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