Digital Currency

Bitcoin 'Flash Crash' Sees Long Positions Worth $2 Billion Closed by Exchanges

A so-called "flash crash" for Bitcoin over the weekend has wiped out positions worth $2bn and left market experts pondering whether a wider reset for value has set in. The world's largest cryptocurrency lost over a fifth of its value at one stage, taking the market capitalisation back below $1trn, after a broader flight from riskier assets kicked in on Friday.

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