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Crypto Crash: Bitcoin Falls Almost 9% On Thursday After Massive Sales!
Bitcoin (BTC) rapidly declined 9% on Thursday, momentarily slipping below $25,000 on Binance. Rumors about the massive sale of Bitcoins by Elon Musk's SpaceX fueled the downward pressure. The tranquility that had characterized much of August was suddenly disrupted by a market downturn, driven by a heightened risk aversion from Wall Street. Ether (ETH) also crashed by 11% to approximately $1,600.