Bitcoin “Flash Crash” Attributed to Immature Market Making
Bitcoin experienced a “flash crash” this morning, dropping from near $700 to $100 early Monday before stabilizing. The lunchtime price, quoted at Bitcoin Wisdom, stood near $655.
As reported in ValueWalk earlier this morning, the price dive occurred as talk of a crackdown in the U.S. and Russia came on the back of a technical glitch hitting the largest Bitcoin processor, Japanese-based Mt. Gox, all of which riled participants in the . . .
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