Summary: Bitcoin 's value decline has negatively impacted Coinbase , causing substantial losses for the exchange. Elon Musk 's SpaceX venture reported a significant write-down of Bitcoin holdings and participated in a selloff, contributing to the cryptocurrency's decline. Elon Musk 's influence on the cryptocurrency market has made him a central figure for digital asset traders and investors. Bitcoin 's recent price chart reflects a worrisome trend, with potential for further declines indicated by the current red candle. The possibility of a complete retracement raises concerns, with Bitcoin 's price pot...