The mysterious bitcoin crash

This is the type of overnight trading sessions that give bitcoin traders fits.

Roughly 4 hours ago the cryptocurrency had a flash crash of epic scale and the reason behind the cratering is not very apparent just yet.

Although there are rumors that the Russian central bank was looking at putting tougher restrictions on the cryptos, the mysterious price drop had little staying power and rebounded within minutes..

The 10 minute, $620 pullback came as European markets were opening and appears only to have register on Coindesk exchange.

Bitcoin moved from $4,815 to $4,189 before recovering most of the crash $4,785 10 minutes later.

The Coindesk price exchange comprises the average price from four exchanges: Bitstamp, Coinbase, itBit, and OKCoin. However, none of these separate exchanges showed the price drop.

1 thought on “The mysterious bitcoin crash

  1. Pingback: Bitcoin breaks $5K barrier | Gray's Economy

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