Bitcoin Price ‘Flash Crashes’ To $6.1K – Here’s The Likely Reason Why58.8

A 5,000 BTC dump on Bitstamp likely caused the bitcoin price flash crash that occurred during the early hours (UTC) of Friday (May 17, 2019). Bitcoin plunged to as low as $6,100 on the exchange but has since recovered over $7,000 over the past few hours.

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.

Original source
https://bitcoinist.com/bitcoin-price-flash-crash-5k-btc-dump-bitstamp/

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