February 10, 2014 flash crash
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On February 10, 2014, the BTC-e bitcoin exchange rate dropped by over $500, crashing from $620 to $102 in seconds, and then rebounding within two minutes.[1][2][3] The crash is the result of what appears to be a single person selling at least 6,000 bitcoins significantly below the market price.[2]
The motives of the sale are a subject of debate.[4] As the sale was made with apparently extreme loss,[1] it has been suggested that it was an attempt to manipulate trading bots.[citation needed]
References
- ↑ 1.0 1.1 BitcoinTalk thread 458248. No title available. 10 February 2014.
- ↑ 2.0 2.1 Durden, Tyler (10 February 2014). "Bitcoin Flash Crashes, Drops By 80% In Seconds". Zerohedge. http://www.zerohedge.com/news/2014-02-10/bitcoin-flash-crashes-drops-80-seconds. Retrieved 29 July 2015.
- ↑ Cox, Josh (10 February 2014). "A Black Monday for Bitcoin? Flash Crashes Return as Volatility Spikes". Newsledge. http://www.newsledge.com/black-monday-bitcoin-flash-crashes-return-volatility-spikes-4921. Retrieved 29 July 2015.
- ↑ /r/BitcoinMarkets thread 1xio9k. Conspiracy thread: what really happened on BTC-e and Finex? 10 February 2014. Self post.
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