Bitcoin’s price on Bitmex plummeted to $8,900 in a flash crash late Monday, diverging significantly from the global average price of around $67,400, due to large sell orders on the XBT/USDT pair. Bitmex is investigating the incident, which involved over 850 BTC being sold, causing the dramatic price drop while other exchanges showed prices well above $60,000. The event was short-lived, with prices recovering to $67,000 within ten minutes, and Bitmex assured that the crash didn’t affect their derivative markets or funds safety.
Flash Crash on Bitmex Sends Bitcoin Tumbling to $8,900
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
About the author
WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
