How A Single Order Crashed Bitcoin’s Price Over 20% In 5 Minutes

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There is never a boring day in the cryptocurrency world. After an insane bull rally we finally saw the first major correction, wiping over $20 billion off crypto market’s overall valuation and caused a panic selloff for Bitcoin. BTC/USD touched as low as $6,178 on Bitstamp because of a massive 5,000 BTC sell order. What followed was a cascade of events which snowballed into a selloff… 1. 5,000 BTC Sell Order Placed on Bitstamp at $6,200 A user on Bitstamp placed a $31m sell order – 5,000 Bitcoin’s at the price of $6,200. Because Bitstamp is an exchange and not…
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How A Single Order Crashed Bitcoin’s Price Over 20% In 5 Minutes

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