All articles tagged with #flash crash
Bitcoin experienced a significant flash crash caused by a large sell-off by a single whale, leading to a $310 million wipeout in long positions and a broader market decline, while Ethereum remains relatively resilient and continues to attract investor interest amid market uncertainties.
Cryptocurrency prices surged over the weekend, with Ethereum reaching a record high of $4,954, following Fed Chair Powell's hints at possible rate cuts, but quickly reversed due to a 'flash crash' triggered by a large Bitcoin whale offloading 24,000 BTC, leading to significant liquidations and market volatility. Despite short-term declines, institutional support remains strong, and market outlook remains constructive as macro pressures persist.
Bitcoin, Ethereum, and XRP experienced sharp declines over the weekend, erasing recent gains after Federal Reserve Chair Jerome Powell's remarks suggested a potential rate cut, which initially boosted crypto prices. The decline was exacerbated by a large Bitcoin holder selling off assets, leading to a flash crash, and impacted crypto-related stocks like MicroStrategy and Coinbase.
Bitcoin experienced a sudden flash crash on BitMEX, plummeting to as low as $8,900, while remaining steady at around $67,400 on other exchanges. Speculation suggests a large sell order may have triggered the crash, prompting BitMEX to investigate potential misconduct by traders on its Bitcoin-USDT Spot market. The exchange temporarily blocked withdrawals for certain accounts involved in the investigation. Despite BitMEX's assurances that the incident had no impact on the spot and derivatives markets, Bitcoin's current trading price of $63,000 reflects a 7% slump in the last 24 hours, indicating a potential ripple effect in the cryptocurrency market.
Bitcoin experienced a sudden and unexpected "flash crash," dropping 7.5% in its steepest intraday drop since mid-August. The drop comes after a period of positive developments, including regulatory easing, the resolution of legal issues for major exchanges, and macroeconomic factors such as inflation concerns and potential interest rate cuts. The exact cause of the flash crash is unclear, but it may be attributed to macro forces, profit-taking, and overheated leverage in the crypto derivatives market. The event serves as a reminder of the volatility inherent in the cryptocurrency market.
Bitcoin and Ethereum experienced a flash crash, dropping 10% and 10.2% respectively, while altcoins tumbled even harder, with losses ranging from 10% to over 20%. The decline was triggered by news of Chinese property giant Evergrande filing for bankruptcy protection, causing institutional investors and big holders to sell off riskier assets. Regulatory uncertainty around cryptocurrencies continued, with the Federal Deposit Insurance Corporation acknowledging the "novel and complex" risks posed by crypto in its annual report. In Argentina, Bitcoin reached an all-time high following a surprise victory by a pro-Bitcoin candidate in the country's presidential primaries.