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Full credit for this video to NewsBTC who listed the information on this video on an article on their web site: https://www.newsbtc.com/?s=Bitcoin%20to%20Zero%3A%20Bitcoin%20Price%20Flash%20Crashes%2099%25%20on%20BTC%2FCAD%20Trading%20Pair
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Transcript:
0:00:00 Bitcoin to Zero: Bitcoin Price Flash Crashes 99% on BTC/CAD Trading Pair
0:00:06 This replace is dropped at you by “CoinCheckup News Updates” and was initially revealed on “NewsBTC”.
0:00:13 Over the final two months, Bitcoin value has rallied from the depths of the bear market to a properly over a 100% acquire for crypto buyers who purchased when there was “blood in the streets.” Those who did catch the underside have watched at their funding in Bitcoin double in brief order, with little to no corrections all through, count on for a flash crash that noticed Bitcoin filling gaps left on the chart throughout after hours futures buying and selling.
0:00:35 However, final night time, one other flash crash occurred on the value charts for BTC/CAD – a flash crash that eradicated 99% of Bitcoin value within the matter of seconds, filling orders as little as simply over $100 Canadian.
0:00:49 Bitcoin goes to zero.
0:00:51 We’ve all heard the repeated doom and gloom predictions from pundits and critics of digital property.
0:00:57 As not too long ago as final week, the New York Post revealed an article that was barely just a few sentences of ineffective counterarguments towards Bitcoin’s current rally, asserting the cryptocurrency would quickly attain zero.
0:01:08 But have you ever ever watched Bitcoin nearly hit zero proper earlier than your very eyes?
0:01:13 That’s what occurred in a single day final night time on the Kraken cryptocurrency change throughout buying and selling classes of the BTC/CAD pair.
0:01:20 BTC as you recognize is the “cashtag” or buying and selling image of Bitcoin, and CAD is the image for the Canadian greenback.
0:01:27 During the flash crash, the value of Bitcoin in Canadian {dollars} fell from its buying and selling vary round $11,250, to a low of $101.20. Clever Kraken merchants with orders at $100 have been missed by simply over a buck earlier than the value of the cryptocurrency rocketed again into the vary, leaving the longest wick this author has ever witnessed on a value chart.
0:01:49 Thanks for trying out this video! If you wanna learn the entire article you possibly can go to CoinCheckup.com or go to: “NewsBTC”, who initially revealed this information replace on their web site.
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