Cryptocurrency Markets Crash By $13 Billion: Top Coins Lose Value
In a flash crash, the cryptocurrency markets lost $13 Billion in an hour, bringing Bitcoin to below the $6,200 mark.
- Khushboo Shah
- Oct 11, 2018
Bitcoin, a decentralized cryptocurrency has created enough buzz around the globe to attract investors and traders. Features like decentralization, immutability, limited supply, no physical existence, etc. make Bitcoin one of its kinds.
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In a flash crash, the cryptocurrency markets lost $13 Billion in an hour, bringing Bitcoin to below the $6,200 mark.
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We've applied Technical Analysis to Bitcoin (BTC/USD) price chart, and see that 20 days Volume Weighted Moving Average is indicating Buy action.