Cryptos everywhere saw a flash crash over the weekend. Bitcoin briefly flirting with US$50k while Ethereum going below US$2.1k. Alts were not spared as well. There was blood everywhere, a total of US$9.32b in liquidation. Timing coincided with the drop in hash rate as well as Turkey banning transactions in cryptos. How do you stop an idea? In some respite, ETH just broke ATH again. Breaching US$2.6k before falling back to US$2.2k, all this while BTC was still hungover from the flash crash. In fact, bitcoin has gone lower since and is at US$49k at time of writing.
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Cryptos everywhere saw a flash crash over the weekend. Bitcoin briefly flirting with US$50k while Ethereum going below US$2.1k. Alts were not spared as well. There was blood everywhere, a total of US$9.32b in liquidation. Timing coincided with the drop in hash rate as well as Turkey banning transactions in cryptos. How do you stop an idea? In some respite, ETH just broke ATH again. Breaching US$2.6k before falling back to US$2.2k, all this while BTC was still hungover from the flash crash. In fact, bitcoin has gone lower since and is at US$49k at time of writing.