SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days.

The market took a significant hit when SpaceX announced its first bond sale, wiping out nearly half of Bitcoin's market cap within just three days. This unexpected financial maneuver by the company had a ripple effect on cryptocurrency markets, highlighting the interconnectedness of various financial sectors. Despite Bitcoin's resilience, absorbing only a minor decline of less than 1%, the event underscores the potential influence of traditional finance on digital assets, signaling a possible shift in investor sentiment.