Bitcoin price drops closer to the $26,000 margin, marking its 2-month low.
BTC is locked in the greed zone, as the Fear and Greed Index points at 37.
The act of Tesla CEO Elon Musk’s SpaceX selling its giant Bitcoin (BTC) lump — worth $373M — turned about to be a striking Bitcoin FUD of the day. Amid this, distressing traders and investors, Bitcoin (BTC) dropped to its 2-month low, reaching below the $26,500 level.
Notably, according to the WSJ reports, SpaceX held $373M of BTC over the last year and also in 2021. Meanwhile, it is unclear whether the sold holdings of the satellite operator are true. It stands as mere speculation. This is also paired with the bankruptcy event of China’s real estate giant Evergrande.
Current Status of Bitcoin (BTC) Price
At the time of writing, as per CoinMarketCap, the Bitcoin (BTC) price was $26,430 after a sharp fall of 8% in the last 24 hours. On Binance, BTC/USD marked its low at $26,081, as per TradinView data. This speculation-driven pri
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