World markets were impacted by a wave of selling, with Wall Street's main indexes closing lower.

The second-largest cryptocurrency, Ether, remained stable at $1,685.20 after also experiencing a notable drop on the previous day.

Reports from The Wall Street Journal indicated that Elon Musk's SpaceX had sold its bitcoin holdings, lowering their value by $373 million.

After a significant drop in 2022 due to collapses of various crypto firms, leaving investors with substantial losses, bitcoin had gradually recovered this year, hovering near $30,000.

Ben Laidler, global markets strategist at eToro, stated that the broader reason was the overall risk-off selling pressure across various asset classes.