Exchange Investigates Flash Crash That Sent Bitcoin to $8,900

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(Bloomberg) -- Crypto exchange BitMEX is investigating unusual trading activity that led to a flash crash in Bitcoin on its platform yesterday.Most Read from...

-- Crypto exchange BitMEX is investigating unusual trading activity that led to a flash crash in Bitcoin on its platform yesterday.Putin Warns Russia Won’t Stop After Predictable Election Win

An X account named @syq, which first posted about the sudden selloff, suggested the flash crash coincided with the sale of 977 Bitcoin worth roughly $66 million. BitMEX’s spokesperson declined to comment further on the details of the incident. Bitcoin shed as much as 6.3% to trade at $63,140 on Tuesday after the $25 billion Grayscale Bitcoin Trust, or GBTC, posted a $643 million outflow, its highest since it converted into an ETF on Jan. 11.Here’s the Average CPP Benefit at Age 70

 

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