Will Bitcoin’s Volatility This Month Hinder the Future of an ETF?
Cointelegraph
Published May 26, 2019 06:10AM ET
Updated May 26, 2019 06:22AM ET
Will Bitcoin’s Volatility This Month Hinder the Future of an ETF?
On May 17, bitcoin’s (BTC) price experienced a “flash crash,” dropping to $6,400 within minutes, which was triggered by a 5,000 BTC sell-off — equivalent to around $35 million at the time.
An individual investor, speculated to be a whale — an investor holding a significant amount of bitcoin — is said to have placed a massive sell order on Bitstamp, a major bitcoin exchange based in Europe.
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Written By: Cointelegraph
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