A Wild Friday Flash Crash
Much of the world may have missed it or slept through it, but BTC decided to take a heavy and fast dip. Bitcoin was trending sideways and down at around $52,000 On some exchanges it touched $42,000 at the bottom and immediately made a V shaped recovery up to about $46,000.. Since then it has recovered much of that back to about $48,000 which doesn't feel as bad once you have faced $42,000
Over a Billion dollars of liquidations happened.
https://twitter.com/WuBlockchain/status/1467003491734282240?s=20
Of course once a dip like that gets going volume is high and many crypto things go down. Including Coinbase and the entire BSC Binance Smart Chain seemed to be offline for a bit or at least unreachable.
I am still unable to log into Cubdefi, but hopefully once BSC getting back up and running everything there will be fine.
https://twitter.com/nayibbukele/status/1467000621354135555?s=20 **
This tweet from El Salvador cracked me up though. All of Twitter was having a cow, and the CEO of El Salvador buys the dip like a boss! lol
Hive touched $1.50 and is struggling back up a bit, so hopefully the worst is over. I could see things going either direction from here!
Did you catch the dip? What moves if any did you make? I didn't buy, but my husband did.
Can't wait to see what happens next!
Posted Using LeoFinance Beta
