Bitcoin (BTC) Abandons Stability with Rapid Crash

(BTC) abandoned its stable levels around $10,200, crashing within an hour early on Thursday. In the early hours, BTC crashed toward the $9,800 range, erasing 3.7% from its price. Selling pressures increased volumes to around $17 billion’s equivalent in 24 hours.

The BTC market cap dominance is near its usual levels at 67.8%, as altcoins slid as well. Except for a few anomalies, most of the market is down, especially true of the most liquid coins and tokens.

This type of behavior has been observed multiple times for BTC, when appreciation or a slide happen within hours. This time, the slide is relatively small, as BTC has erased more than $1,000 in these types of flash-crashes.

One of the possibilities is a sale from the wallets of PlusToken, as a recent large transaction of BTC was noted in the past days. The PlusToken scheme crashed when its founders had amassed $3 billi…

This article appeared first on Cryptovest

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