Panicked Traders Brace For $100,000 Bitcoin And $4,000 Ethereum As Crypto Price Crash Fears Hit XRP
08/26 update below. This post was originally published on August 25
Bitcoin has suffered a so-called “flash crash” that knocked $4,000 from the bitcoin price in a matter of minutes (just after a Harvard economist admitted he got bitcoin and crypto wrong ten years ago).
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The bitcoin price, which has been on a downward trend since getting a boost from comments made by the Federal Reserve chair Jerome Powell on Friday, has continued to sink after plunging lower—with fears it could have killed off Kanye West’s new cryptocurrency that’s down 80% from its all-time high.
08/26 update: The bitcoin price remains under pressure after a “flash crash” sent…
