Flash Crash! Bitcoin dips below $10,000, Ethereum drops 12%

[MRM]

The first and second largest coins by market cap suffered heavy defeats this week. It was too good to be true: What goes up must come down. Still, traders were disappointed by today's Ethereum flash crash of not-quite 12% and Bitcoin's latest drop of 2%.

Here's what happened to Ethereum, the second-largest cryptocurrency by market cap. All was going well for ETH this week, which on Wednesday hit $487, its highest price since the summer of 2018, according to metrics site CoinMarketCap. Then, like a flaming plane searching for a cornfield to land on, Ethereum started to nosedive.
Source: https://decrypt.co/40970/flash-crash-bitcoin-dips-below-10000-ethereum-drops-12

[highnayem34]

Bitcoin's fall looks a little more graceful since its price only dropped by 2% in the past 24 hours, per CoinMarketCap. But take a closer look and the largest cryptocurrency by market cap is just as wounded. First, Bitcoin's fell from $12,000 this week. Its price hit in the past 24 hours is the latest of three sharp jabs in the gut this week.