Why The Bitcoin Flash Crash To $6,400 Isn’t Entirely Bearish: Positive Factors6.4

Bitcoin (BTC) has just seen its craziest hour of price action since the weekend, during which the cryptocurrency market rallied by 20%, if not more. For those who missed the memo, or haven’t checked the charts or Crypto Twitter in a hot second, Bitcoin collapsed by over 15% in minutes on Bitstamp, falling from $7,800 to $6,200.

Interestingly, however, most of the downturn was contained to Bitstamp, a Europe-centric exchange, as there existed a $500 to $600 spread between its BTC/USD pair and the same pair on Coinbase. Since our report on the matter, BTC has recovered to $7,300 and has flatlined for the time being.

Original source
https://www.newsbtc.com/2019/05/17/why-the-bitcoin-flash-crash-to-6400-isnt-entirely-bearish-positive-factors/

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