Newsflash: Bitcoin Price Crashes to $6,400 Triggered by Massive $35 Million Sell Order

2019-5-17 10:19

By CCN: On May 17, within minutes, the bitcoin price plummeted from around $7,800 to $6,400 in a flash crash, recording an unexpected 18 percent drop. The sudden decline in the bitcoin price led the valuation of the crypto market to plunge from $257 billion to $225 billion, by more than $32 billion in less than 24 hours.

What triggered the sudden bitcoin price drop? According to researchers and investors including Su Zhu, the CEO at Three Arrows Capital, and Eric Conner, a product developer at Gnosis, the bitcoin price plummeted as soon as a several thousand bitcoin sell order

The post Newsflash: Bitcoin Price Crashes to $6,400 Triggered by Massive $35 Million Sell Order appeared first on CCN

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Bitcoin (BTC) на Currencies.ru

$ 95609.13 (+0.35%)
Объем 24H $53.486b
Изменеия 24h: 5.00 %, 7d: 2.33 %
Cегодня L: $94058.66 - H: $95704.24
Капитализация $1909.843b Rank 1
Цена в час новости $ 7248.18 (1219.08%)

bitcoin price order billion sell triggered crashes

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