Name: Bitcoin Plunges After SpaceX Sells
Uploaded: 2023-08-21T14:24:21.022
Duration: 5 min 21 s

Join host Ben Lichtenstein as he examines the latest developments in the futures markets live. This show uses charts and technical analysis to break down commodities trading and explore trading trends. Guest contributors also make appearances, sharing their insights on futures trading as it relates to market events.

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Bitcoin (/BTC) plunges after a WSJ report of a SpaceX write-down. According to the WSJ, SpaceX wrote down the value of Bitcoin it owns by $373M in 2021 and 2022. Kevin Green joins Alex Coffey and Jenny Horne to discuss how SpaceX sold some of its Bitcoin. He talks about how SpaceX's approach to Bitcoin is similar to Tesla's (TSLA). Kevin highlights that this could be concerning for further downside movement in Bitcoin. Tune in to find out more about the stock market today.

Bitcoin Plunges After SpaceX Sells

Expert commentary about top moving stocks, sectors, and commodities, along with CEO and analyst interviews.