The price of Bitcoin (BTC) experienced a sudden and significant drop, falling around 8% in just 10 minutes. This dip caused the cryptocurrency to plummet below $26,000 before partially recovering. There are various factors that may have contributed to this sharp decline, including reports of SpaceX selling BTC and China’s Evergrande Group filing for Chapter 11 bankruptcy in New York. Despite the drop, Bitcoin’s market cap remains above $500 billion.
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