
SpaceX shed more than $600 billion in market value over three days, a 23% drop, after announcing its first bond sale to fund AI expansion tied to the xAI acquisition. The decline erased nearly half of bitcoin's $1.3 trillion market cap. Bitcoin held near $63,600 with less than a 1% decline.
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Summary by ByteBrief
Bitcoin Falls Toward $60,000 on Rate Fears