Bitcoin tapped a fresh high during Monday morning’s Asian trading session. At the time of writing, BTC prices were still close to those levels at $56,700.
Bitcoin has posted its third weekly green candle and fourth on the daily time frame. The asset has gained an impressive 17% over the past 7 days and 31% over the past fortnight.
However, there was a discrepancy on one popular trading venue, as pointed out by the Twitter trader “Hsaka” – a flash crash that occurred on the Bitstamp exchange. Prices plummeted to around $51K on the platform following a large spot sale, but markets elsewhere were not affected.
A flash crash is typically described as an event in which the price of an asset drops immediately by a large percentage and spikes back up immediately. This is what transpired on Bitstamp hours ago.
BTC stood around $55,500 before it suddenly plummeted to $51,000, as the chart below demonstrates. It bounced off just as fast. TradingView volume data shows that there were 2
We współpracy z: https://cryptopotato.com/massive-sell-order-flash-crashed-bitcoins-price-to-51k-on-bitstamp/
