Bitcoin Flash Crash Roils Crypto Market
Crypto prices dipped Monday following a so-called flash crash of Bitcoin on Sunday. And while Ethereum dipped as well, the second most popular cryptocurrency is still up significantly on the month.
Bitcoin’s weekend crash is being blamed on a single whale who sold 24,000 Bitcoin, according to crypto watchers on X. Bitcoin’s most recent peak hit $117,370 on Friday, not too far from the all-time high of $124,500. But Bitcoin is currently sitting at $112,660, well below recent highs.
“Bitcoin flash crash today, which wiped out $310M in long positions, has been traced to a SINGLE Bitcoin whale dumping BTC for ETH. The whale sold 24,000+ BTC, including coins that hadn’t moved in 5+ years,…
