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sherwoodmedia.com]
Whoops… Bitcoin’s up more than 40% this year, but for a brief moment this week things weren’t lookin’ so hot. On Monday, the price of BTC on the Seychelles-based BitMEX exchange plummeted to $8.9K (against the dollar-pegged stablecoin tether) before recovering 10 minutes later to about $67K. Meaning someone who bought the dip within that time could have sold for a nearly $60K profit minutes later. BitMEX said someone selling huge amounts of bitcoin was behind the “flash crash,” which can occur when an order book’s sell orders significantly outnumber its buy orders.
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