Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday

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Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday
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The virtual currency dropped sharply on Thursday evening.

The flagship virtual currency fell sharply around 6 p.m. ET. Bitcoin was trading around $26,400 just before 7 p.m.

The action came a few hours after The Wall Street Journal reported that documents show SpaceX wrote down the value of its bitcoin holdings by $373 million last year and in 2021.slipped sharply on Thursday evening, tumbling by as much as 9% to just over $26,000.The decline in bitcoin followed several hours after

reported that SpaceX, which is helmed by Elon Musk, wrote down the value of its bitcoin holdings by a total of $373 million in 2022 and 2021, and that the space travel company had sold the virtual currency.

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