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BITCOIN PRICE FLASH CRASHES TO $6.1K – HERE’S THE LIKELY REASON WHY

WHALE DUMP, ‘FAT FINGER ERROR,’ OR BOT GLITCH

A trader on the Bitstamp exchange reportedly put up a sell order of 5,000 BTC at an oddly low price of $6,200. This move caused a massive price plunge on the exchange, setting up a temporary arbitrage opportunity.

The effect soon spread across the market to other exchanges with the BTC market average falling to about $7,100. As at press time, Bitcoin had rallied to $7,300 on most of the popular BTC exchange platforms. Ver matéria

 

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