By 0835 GMT on Friday, bitcoin had partly recovered to $26,441, down 0.8% on the day
hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept through world markets.
Global markets have been hit by a wave of selling, with Wall Street’s main indexes closing lower on Thursday and Asian shares heading for a third week of losses over concerns about China’s economy and fears that U.S. interest rates would stay higher for longer given a resilient economy. The SpaceX report was the “immediate catalyst” for bitcoin’s sell-off, said Ben Laidler, global markets strategist at eToro.
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