MarketPR

Bitcoin's $60,000 Floor Cracks Under Pressure as SpaceX Suffers $600 Billion Wipeout

6/23/2026

SpaceX's $600 billion wipeout has sent shockwaves through tech markets, and Bitcoin is absorbing the aftershock.

$BTC's $60,000 support level is now at genuine risk, with traders positioning for a potential deeper selloff rather than a quick recovery.

SpaceX Rout Triggers Broader Market Turbulence The scale of SpaceX's loss — $600 billion erased — is large enough to rattle asset classes well beyond its immediate orbit.

Tech markets took the brunt first, but risk-off moves of that magnitude rarely stay contained.