{"id":431224,"date":"2023-08-18T17:52:26","date_gmt":"2023-08-18T17:52:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=431224"},"modified":"2023-08-18T17:52:39","modified_gmt":"2023-08-18T17:52:39","slug":"bitcoin-price-prediction-as-btc-crashes-7-next-stop-another-milestone","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-btc-crashes-7-next-stop-another-milestone","title":{"rendered":"Bitcoin Price Prediction as BTC Crashes 7% \u2013 Next Stop, Another Milestone?"},"content":{"rendered":"

The Bitcoin price crashed past its support at $29k in the last 24 hours, sinking to $26k — even more profound than some predictions expected in the past few days. Along the way, Dow Jones dropped 150 points earlier today, August 18.<\/p>\n

Many believe that the reason behind Bitcoin’s crash is SpaceX, which sold the entirety of its stake in Bitcoin. The sale occurred yesterday, August 17, and Elon Musk’s space company made $55 million<\/a> in profit on $1.5 billion in revenue during the first quarter of this year.<\/p>\n

\n

Just woke up.<\/p>\n

WHO SOLD pic.twitter.com\/iusl2dAC20<\/a><\/p>\n

— Reetika (@ReetikaTrades) August 18, 2023<\/a><\/p><\/blockquote>\n