Yesterday, Bitcoin lost over $ 500 in a flash crash that shocked the market. The price reached $ 7,450 and is still below $ 7500, while volumes have increased slightly.
The decrease of almost 9% followed a period of slowdown in transactions and transfers of value. Byte Tree CEO James Bennet believes that slowing transaction speeds is responsible for the flash crash:
Emptybeerbottle commented on Twitter:
“There was no need to generate a flash of its Bitcoin for Barry marketing purposes. FFS. “
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