CRYPTO NEWS - Crypto Market Crash - Bitcoin Recovery is Slow
CRYPTO NEWS - Crypto Market Crash - Bitcoin Recovery is Slow
00:05 Intro
01:48 Crypto News
04:17 Bitcoin News
05:32 Ethereum News
06:15 Bitcoin Technical Analysys
07:02 Ethereum Technical Analysys
Ether likewise fell victim to the flash crash. Having traded up toward $4,700 midweek ETH began to fall in trading on Friday from around $4,600 to a low of $3,652 – a fall of over 20%.
Both cryptoassets have regained a measure of stability since, with prices rebounding modestly. BTC is now trading around $47,900 while ETH is trading around $4,000.
Speculation has been rife over what caused the flash crash, with some analysts citing the expiry of leveraged positions. Other evidence meanwhile points to significant increased activity with investors moving cryptoassets from wallets to exchanges – making reaction to price movement more precipitous when it comes.
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