Vicious Crypto Crash Could Supercharge Bitcoin Price Rally to $20,000

2019-5-18 18:41

By CCN: Bitcoin’s mammoth rally suffered a devastating setback on Friday when a $35 million sell order triggered a vicious flash crash on Bitstamp. By the time the dominoes had stopped falling, the bitcoin price had plunged as low as $6,894, and more than $32 billion had vanished from the crypto market cap.

And fervent bitcoin bull Mati Greenspan couldn’t be happier. Finding a Silver Lining in the $32 Billion Crypto Crash Greenspan, a senior analyst at eToro, gushed about the sudden pullback in daily market commentary shared with CCN, stating that it was “picture perfect” and could pave the

The post Vicious Crypto Crash Could Supercharge Bitcoin Price Rally to $20,000 appeared first on CCN

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Bitcoin Flash Crash Pauses as Goldman Sachs Announces Crypto Services

Bitcoin underwent a mini flash crash on Wednesday as its price fell from $59,400 to nearly $57,000 in just five minutes of trading. Analysts blamed overleveraged long positions for the downside move, with the plunge liquidating about $600 million worth of extended bullish contracts across major futures exchanges. The wipeout followed up with a short […]

2021-3-31 16:17


How Bitcoin and Ethereum plunged in minutes amidst unexpected correction

On May 17, the price of Bitcoin plunged from around $7800 to $6700 within minutes in a flash crash on BitMEX. Immediately after, the price of Ethereum dropped from $240 to $190. The abrupt decline in the price of Bitcoin was triggered by the placement of a large sell order on Bitstamp and other major crypto […] The post How Bitcoin and Ethereum plunged in minutes amidst unexpected correction appeared first on CryptoSlate.

2019-5-17 09:07