Friday, 22 October 2021

Bitcoin's Price Crashed 87% on a Major Exchange Thanks to a Bug

Bitcoin's Price Crashed 87% on a Major Exchange Thanks to a Bug

Bitcoin is on a tear, reaching an all time high price of $67,000 for 1 BTC on Wednesday, buoyed by a series of approvals for Bitcoin-tracking funds on the stock market. But on one major U.S. exchange, the price flash-crashed 87 percent to roughly $8,200 on Thursday due to a bug in a trading algorithm.
Read more: https://www.vice.com/en/article/m7vqpv/bitcoins-price-crashed-87-on-a-major-exchange-thanks-to-a-bug?source=Snapzu

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