FLASH CRASH ON COINBASE SENDS BITCOIN/EURO TUMBLING

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.
BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.
Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.

Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped to €58,400.

BTC/EUR trading pair on Coinbase. Source: TradingView
The reason behind this sudden price drop remains unclear, but it took approximately 10 minutes for Bitcoin’s value to realign with euro trading pairs on other exchanges. Flash crashes like this one are not uncommon in the digital currency market and are usually attributed to factors such as liquidity shortages or trading errors. 
A liquidity shortfall occurs when market sell orders overwhelm available buy orders, forcing prices down to the next substantial buy order level. Alternatively, trading errors, often referred to as “fat finger” mistakes, involve significant unintentional trades by humans or algorithms that can lead to rapid price declines.
This flash crash underscores the volatility inherent in the cryptocurrency market, especially for a widely traded asset like Bitcoin. The incident occurred in the wake of Bitcoin achieving a record high in USD value, which was followed by a quick reversal of gains, dropping below $64,000 at one point.
Flash crashes, while abrupt and alarming, often correct quickly as the market stabilizes and prices return to levels supported by underlying buy orders.