Since the top exchange FTX crashed in November 2022,  bitcoin fell 7.2% on this thursday.

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It later dropped $26,172, a two-month low, on Friday during Asian trading hours.

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SpaceX wrote down the company's bitcoin holdings by $373 million in 2022 and 2021, and that it had sold the digital money.

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In 2022, Tesla sold about 75% of its bitcoin holdings after investing $1.5 billion in the cryptocurrency.

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In the history of bitcoin, this is one of the most cruel minute-by-minute selloffs we've ever witnessed.

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The second-largest cryptocurrency, Ether, was stable at $1,685.20 after also falling significantly on Thursday.

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