Flash crash proved crypto’s resiliency as Bitcoin adoption endures, says TD Cowen — TradingView News
The recent flash crash that led to liquidations of roughly $19 billion not only proved that crypto can still be extremely volatile — it also proved the digital assets ecosystem can survive shocks, TD Cowen analysts said in a note on Monday.
“While cognizant that the recent episode caused intense financial hardship for many investors, what strikes us is how well the underlying ecosystem functioned,” analysts wrote. “Though it was the largest single-day liquidation ever, with open interest halved across venues, most crypto exchanges operated with little or no downtime.”
Earlier this month, after U.S. President Donald Trump confirmed he would impose a 100% tariff on imports from China the total crypto market fell over 10%. First crypto…
