CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$48,285.00
  • ethereum
    ETH$1,535.65
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » Who Wants Cheap BTC? Bitcoin Flash Crashed To $9100 In One Minute On Bitstamp

    Who Wants Cheap BTC? Bitcoin Flash Crashed To $9100 In One Minute On Bitstamp

    Author: George Georgiev

    Last Updated May 22, 2020 @ 08:58

    Bitcoin’s price saw a sudden vicious flash crash on one of the most popular cryptocurrency exchanges – Bitstamp. The price lost upwards of $600 in a single candle that lasted less than a minute.

    Bitcoin Price Flash Crashes To $9,100 On Bitstamp

    There are no boring days with Bitcoin. Just a few minutes ago, the price of the world’s leading cryptocurrency flash crashed on the popular exchange Bitstamp. The move was sudden and brutal.

    The price went from $9,720 to $9,100 in a few seconds – the definition of a flash crash. The next minute, it was trading at around $9,600.

    Flash crashes like these are the reason why it might be a good idea to always have a few orders placed down below. It’s not the first thing something like this happened, and those who had their orders placed lower made a nice profit on the instant move back up.

    ADVERTISEMENT

    In any case, the dump in Bitcoin’s price resonated throughout the entire market as it decreased to about $9,250 and currently trades at $9,400, losing about $400 in a few short moments.

    Altcoins Felt It Too

    The altcoin market also felt the sudden dump as almost all of the large-cap cryptocurrencies have suddenly turned red.

    Ethereum, Tezos, Chainlink, Ripple, all of them lost a chunk of their value as most of them were primed for a breakout.

    Still, Bitcoin’s dominance dropped to about 66.8%, which means that at least against BTC, altcoins managed to mark some gains.
    In any case, the most interesting part of it is that the market crashed moments after news broke out that a mysterious HODLer from back in the first days of Bitcoin transferred 50 BTC to an unknown address.

    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • bitcoin_bull
      Bullish for Bitcoin? Twitter Sentiment and BTC Deposits on Exchanges Dropping
    • BitcoinWhales
      Bitcoin Whales Slow Down Following Months of Accumulations: What About BTC Price?
    • Cynthia Lummis
      Bitcoin In US Senate: New Wyoming Senator Bought BTC in 2013
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

  • bitcoin
    BTC$48,285.00
  • ethereum
    ETH$1,535.65
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    pionexb
    2local
    Bitcoin Editorials
    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top