Bitcoin fall wipes $44bn off market cap as volatility strikes crypto market

News Snapshot:

Bitcoin was trading as low as $25,409 on Friday. Photo: Omar Marques/SOPA Images/LightRocket via Getty Images (SOPA Images via Getty Images) Bitcoin (BTC-USD) crashed to trade as low as $25,409 on Friday, wiping about $44bn off its market cap and leading a market-wide crypto fall. The downward pressure came as news hit that Elon Musk's SpaceX had reportedly written down the value of its crypto holdings. The company wrote down the value by $373m according to a report by The Wall Street Journal, citing internal financial documents. SpaceX also sold bitcoin at some stage in the last two years, according...