Summary
Bitcoin’s price on Coinbase briefly dropped to €48,529 from €60,000, while on Kraken it only went as low as €58,400. The reason for the flash crash is unknown, but the price rebounded back to parity with other exchanges in 10 minutes.
Key Points
1. BTC experienced a flash crash on Coinbase, dropping to €48,529 from €60,000, while on Kraken the price only went as low as €58,400.
2. The reason for the flash crash is unclear and it took 10 minutes for the price to rebound back to parity with other exchanges.
3. This volatility highlights the risks associated with trading cryptocurrencies and the importance of monitoring prices closely.