Flash Crash! $100B Wiped From Crypto Market Cap In Three Hours
TLDR A sudden flash crash wiped $100B from the combined crypto market cap in over the course of just a few hours earlier today. The move drove $500M worth of liquidations in a single hour, flushing excessive leverage from the markets. SO WHAT The move comes as investors are anxiously awaiting a verdict from the U.S. Securites and Exchange Commission on pending applications for spot Bitcoin ETFs.
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Flash Crash! $100B Wiped From Crypto Market Cap In Three Hours
TLDR A sudden flash crash wiped $100B from the combined crypto market cap in over the course of just a few hours earlier today. The move drove $500M worth of liquidations in a single hour, flushing excessive leverage from the markets.
SO WHAT The move comes as investors are anxiously awaiting a verdict from the U.S. Securites and Exchange Commission on pending applications for spot Bitcoin ETFs.