Cryptocurrency Q&A
Did Bitcoin crash 80% on BitMEX?
Did Bitcoin crash 80% on BitMEX?
SumoStrength
Mon Jul 08 2024
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5 answers
1270
Could you elaborate on the recent market movements of Bitcoin, specifically on the BitMEX platform? Is it accurate to state that Bitcoin's value crashed by 80% on BitMEX? If so, what were the contributing factors to such a significant drop? Did this occur suddenly or was it a gradual decline? How did investors and traders react to this volatility? Are there any similarities with past Bitcoin crashes or market crashes on other exchanges? Your insight would be invaluable in understanding the current state of the cryptocurrency market.
5 answers
Valeria
Wed Jul 10 2024
This dramatic price drop contrasted sharply with the stability exhibited by Bitcoin on other exchanges.
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Sara
Wed Jul 10 2024
The sight of the colossal red candlestick, signifying Bitcoin's shocking 80% collapse on BitMEX, was not an illusion.
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Giulia
Wed Jul 10 2024
Late Monday evening, Bitcoin (BTC) encountered an abrupt and substantial flash crash on the renowned cryptocurrency exchange, BitMEX.
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Nicolo
Wed Jul 10 2024
The value of BTC plummeted to a staggering low of $8,900, leaving investors reeling from the sudden loss.
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Chiara
Tue Jul 09 2024
While the majority of exchanges maintained prices consistently above the $60,000 mark, BitMEX experienced a remarkable divergence.
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