Posted 3/5/2024, 6:32:00 PM
Bitcoin Briefly Crashes 23% on Coinbase Before Quick Rebound
- Bitcoin fell 23.7% against the euro on Coinbase Tuesday while other exchanges saw smaller drops
- The flash crash took 10 minutes to rebound back to parity with other exchanges
- Possible reasons include lack of liquidity on Coinbase or a "fat finger" accidental large trade
- This occurred right after bitcoin hit a new high of $69,325, then quickly slid back below $64,000
- The reason for the Coinbase flash crash remains unclear
