Crypto analyst says ‘flash crash likely’ as 24-hour liquidations hit $618M
A crypto analyst says a “flash crash is likely” but views it as a buying opportunity, signaling optimism for the long term. Go to Source
Flash Crash
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Flash Crash on Bitmex Sends Bitcoin Tumbling to $8,900
Bitcoin’s price on Bitmex plummeted to $8,900 in a flash crash late Monday, diverging significantly from the global average price of around $67,400, due to large sell orders on the XBT/USDT pair. Bitmex is investigating the incident, which involved over 850 BTC being sold, causing the dramatic price drop while other exchanges showed prices well … Read more
Chain.com tokens lose 96% of value in 24 hours due to flash crash before recovery
Prices quickly recovered after developers determined that a technical API issue, not a security breach, catalyzed the heavy sell-off. Go to Source Powered by WPeMatico
Barrick Gold CEO Says ‘No One Believes in Fiat Currencies Anymore’
The South African businessman and CEO at Barrick Gold Corporation, Mark Bristow, recently explained in an interview that “no one believes in fiat currencies anymore.” Bristow says the world is currently “battling” on how to “position investments on the back of the unforeseen and unrealized damage of how the pandemic crisis was managed.” Mark Bristow: … Read more
Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid
The price of an ounce of gold dropped dramatically this week, slipping under the $1,700 handle to $1,688 per ounce on August 8. On Monday, gold regained some of the losses jumping 2.36% back above the $1.7K region to $1,727 per ounce of fine gold. Gold’s Volatile Movements This Weekend Blamed on a Number of … Read more
Flash crash rattles gold markets as Bitcoin holds strong
Gold prices have dropped below $1,700 per ounce this morning in what analysts described as stop-loss driven selling. Go to Source Powered by WPeMatico
Kraken users demand refunds over flash-crash liquidations
Margin traders on Kraken are outraged after a flash-crash triggered wholesale liquidations while the exchange was inaccessible to users. Go to Source Powered by WPeMatico
XRP Plummets 56% in One Candle, Bitmex Traders Outraged Over Flash Crash
A number of XRP traders are complaining about massive liquidations on Bitmex as the price of XRP spiked and was brought down by 56% in a single candle. After the incident, well known traders with leveraged positions took to Twitter to complain about the upset as some investors were completely liquidated. Also read: Fed Chair … Read more
Market Outlook: Traders Play New Positions After Massive Drop in Crypto Prices
On September 24, digital currency markets saw significant losses as the entire cryptoconomy lost $35 billion in a short period of time. Cryptocurrency enthusiasts and traders are now even more uncertain to where markets are headed in the short term. The sudden sell-off that took place on Wednesday afternoon was unexpected and today traders are … Read more
Stablecoins Are Threatened by These Two Major Issues
On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd, SEC senior advisor Valerie Szczepanik explained at Austin’s SXSW conference that stablecoins may be violating current securities laws. Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards Stablecoins May … Read more
