After a Huge Flash Crash, What’s Next for the Crypto Sector?
After the flash crash, crypto now has four potential paths coming up.
The Oct. 10 flash crash in the crypto sector was a shock, but the spark for the sell-off was not a crypto problem at all. That day, the White House floated tariff hikes on Chinese imports, escalating an already tense market backdrop and sending risk assets lower in minutes.
Bitcoin (BTC 3.08%) fell hard intraday before stabilizing, while many altcoins dropped much further, with a few on the all-important Binance exchange even falling near $0 during the mayhem.
So what happens next, and how should investors approach the next few weeks?
What the market is signaling now
From here,…
