Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday

Bitcoin slipped sharply on Thursday evening, tumbling by as much as 9% to just over $26,000.

The cryptocurrency last traded at $26,593.68, reflecting a decline of more than 8%, according to Coin Metrics data.

The fall in bitcoin followed several hours after

reported that SpaceX, which is helmed by Elon Musk, wrote down the value of its bitcoin holdings by a total of $373 million…