“FLASH CRASH”: One of the world’s most popular markets just plunged 80% in seconds
From Zero Hedge:
Now that Bitcoin exchange Mt.Gox has terminally discredited itself following the latest, and likely last, withdrawal halt announced late last week (which sent the value of Bitcoin tumbling by 25%), Bitcoin traders are left with just two exchange options on which to transact: BTC-e and Bitstamp.
And for those using the former to buy and sell the virtual digital currency, things went from bad to worse a few short hours ago, when Bitcoin had its very own “Waddell and Reed” moment, when the price of Bitcoin cratered by over 80% in the span of seconds, after a modest block of just under 6000 Bitcoins sent the price plunging from over $600 to $102…
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