Bitcoin Flash Crash on BitMEX Triggers Investigation into 'Unusual Activity'
Tuesday, 19 March 2024, 13:14
Bitcoin Flash Crash: Dive below $9K on BitMEX Leads to 'Unusual Activity' Probe
The recent flash crash on BitMEX saw Bitcoin's price plummet below $9K, prompting concerns over potential market manipulation. The incident occurred swiftly and led to a brief panic among traders before stabilizing.
Key Points:
- Flash Crash: Bitcoin's value dropped approximately 7% on global markets.
- Investigation Launched: Authorities are looking into 'unusual activity' following the crash.
Despite the rapid price movement, Bitcoin quickly recovered, underscoring the resilience of the cryptocurrency in volatile conditions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.