{"id":720986,"date":"2026-06-23T10:43:10","date_gmt":"2026-06-23T10:43:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/720986\/"},"modified":"2026-06-23T10:43:10","modified_gmt":"2026-06-23T10:43:10","slug":"btc-analysis-spacexs-600-billion-plunge-erased-nearly-half-of-bitcoins-market-cap-in-three-days","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/720986\/","title":{"rendered":"BTC analysis: SpaceX\u2019s $600 billion plunge erased nearly half of bitcoin\u2019s market cap in three days"},"content":{"rendered":"

SpaceX’s stock has lost more than $600 billion in market value over three trading days, which is nearly half of bitcoin’s $1.3 trillion market cap, after announcing its first bond sale.<\/p>\n

Bitcoin BTC$62,248.22<\/a> fell less than 1% over the same stretch, holding near $63,600, per CoinDesk data.<\/p>\n

The stock dropped 16% on Monday to $154.60, its lowest since its June 12 debut, taking its three-day decline to about 23%. The trigger was supposedly a plan to sell at least $20 billion of bonds, the company’s first time borrowing in the debt markets, to fund the artificial-intelligence buildout it took on when it bought Elon Musk’s xAI in February.<\/p>\n

SpaceX chose to borrow rather than issue new shares, which would have diluted existing holders. A week ago it, was worth nearly $2.5 trillion and had briefly passed Amazon and Microsoft but now sits just above $2 trillion. <\/p>\n

The selling ran into Tuesday, with a perpetual futures contract that tracks SpaceX on Hyperliquid down another 15% to around $151.<\/p>\n

\"(Hyperliquid)\"<\/p>\n

Part of the move is structure. SpaceX trades on a thin float, meaning only a small share of its stock is available to trade, so each move is amplified and the 16% single-session drop on a single headline reflects that thinness.<\/p>\n","protected":false},"excerpt":{"rendered":"SpaceX’s stock has lost more than $600 billion in market value over three trading days, which is nearly…\n","protected":false},"author":2,"featured_media":720987,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[931,28,1513],"class_list":["post-720986","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bitcoin","tag-business","tag-spacex"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/720986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=720986"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/720986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/720987"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=720986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=720986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=720986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}