Bitcoin

Bitcoin’s Value Falls 9%, Over $1 Billion Lost in Cryptocurrencies. SpaceX Not to Blame, Other Reasons Likely.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/04e91a55ca4d4d4ba4167366fa8a1566.gif" />Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://t.me/trigOz_Airdrop_Bot" rel="noopener noreferrer nofollow">Join Now</a>Reetika, a crypto fan from Dubai, had the same thought as lots of others when she looked at her digital money after waking up: “Who sold?” The cryptocurrency world had been quiet for a few weeks, but that changed when the value of Bitcoin dropped from $28,500 to $25,000 in just one day on a platform called Binance.This big fall affected a lot of things – Litecoin (LTC) went down by 14%, and people lost around $1 billion because of the drop in the future value of cryptocurrencies.<h3 id="spacex-rumors-not-to-blame-for-bitcoin-drop-market-dynamics-at-play">SpaceX Rumors Not to Blame for Bitcoin Drop; Market Dynamics at Play:</h3>There were rumors that the big change in the <a href="https://cryptosheadlines.com/us-fed-chair-signals-two-additional-rate-hikes-as-cryptocurrency-market-experiences-volatility/" rel="noopener noreferrer nofollow">cryptocurrency market</a> happened because SpaceX sold some of its Bitcoin. But there’s no strong proof for this. A report from the <a href="https://cryptosheadlines.com/sec-lawsuits-on-binance-and-coinbase-aim-for-wall-streets-growth-pro-xrp-lawyer-affirms/" rel="noopener noreferrer nofollow">Wall Street</a> Journal says that SpaceX actually just changed the value of its Bitcoin to lower its taxes. This happens when the value of something goes down, so companies can <a href="https://cryptosheadlines.com/kenyan-residents-now-required-to-pay-taxes-on-crypto-services/" rel="noopener noreferrer nofollow">pay less tax</a>. But we don’t know exactly how much Bitcoin SpaceX has, and there’s no proof that they sold a lot. <a href="https://cryptosheadlines.com/bitcoin-market-plunge-confirms-spacexs-innocence-in-billion-dollar-drop/" rel="noopener noreferrer nofollow">Read More...</a>

Bitcoin Market Plunge Confirms SpaceX’s Innocence in Billion-Dollar Drop

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