Last Friday, the price of Bitcoin fell by 50% within a span of 3 hours, from $20,000 to $10,000. Less than 12 hours later, it recouped all its losses and went back to over $19,000. Plenty of people that hold long positions regretted not closing them in time. At the same time, people that bought into the rally on Saturday feel frustrated that they didn’t get a chance to “sell high” before the Bitcoin Flash Crash.
Bitcoin’s One Day Wild Ride While Futures Hit Start Of Trading
This market is moving at light-speed today, so we’re just going to get right into it. More news has surfaced about the US futures trading of Bitcoin (this time in the form of a CBOE offering), and this has understandably pushed the price of Bitcoin upward. But, there have also been some other important news stories that are worth noting.
Why is Bitcoin Crashing?
Caution advised during times of market volatility or sudden crashes.There are many adjustments being made by the government in order to actually control cryptocurrencies.
Bitcoin has been on a steep decline the past few days, losing nearly half its value in a matter of hours. It’s anyone’s guess as to what’s caused this crash and whether or not Bitcoin will continue trending downward.
Understand what caused the crash
The value of Bitcoin had dropped by 40% in just 24 hours. Of course, you’re freaking out about the money that you have harnessed in your wallet. You have vowed to never touch Bitcoin again. Or maybe you think that this is a great time as any to take out your credit card and invest a few bucks in cryptocurrency. The bitcoin crash has led people asking a lot of questions, but it isn’t stopping there.
Bitcoin has been crashing hard lately, losing more value than it’s gained in months. This may seem scary, but there are reasons for the craziness — reasons that you should know about if you’re holding onto some bitcoins. Or thinking about holding them. Before we get into the causes of the current move downward, let’s talk about the market for Bitcoin and how it works.
The major exchanges where Bitcoin is traded are Bitfinex (the largest), Coinbase (the most popular), Bitstamp, BTC-e and more. These companies act as middlemen between merchants who’re accepting Bitcoin and users who want to convert hard currency (like USD) into Bitcoin.
Cryptocurrency lost over a fifth of its value
Why is Bitcoin crashing? That’s the question that a lot of cryptocurrency investors are asking themselves, and there are several possible answers to the question. This article explores some of the common theories about what exactly caused cryptocurrencies to plummet over the last few days.
Cryptocurrency lost over a fifth of its value in less than three being debunked – that major crypto exchange Bitfinex needed to close its doors. days. The cryptocurrency carnage was spurred by rumors – which are currently
Regulators Focus on Bitcoin “Flash” Crash
Crypto assets entered the weekend riding a wave of optimism, having gained more than 5 percent in value over the last week. However, as stock market regulators began to call for greater transparency and controls in the industry, so too did bitcoin flash crash.
It turns out, regulators were living up to their promise of keeping a close eye on digital coins. In the wake of wild price fluctuations and a flash crash for Bitcoin, regulators were quick to pounce. In fact, the US Commodities Futures and Trading Commission (CFTC) has set up a “market surveillance unit” to monitor cryptocurrency trading and regulatory oversight.
