OKX Exchange plans to compensate users after a 48% flash crash in its token (OKB), wiping out $6.5 billion. The crash, linked to GBTC's Bitcoin sale and FTX's large GBTC ETF shares liquidation, highlights market volatility. OKX, focusing on regulatory compliance, faces challenges in the ever-fluctuating cryptocurrency landscape.
Cheng YuanThe recent crypto flash crash, driven by uncertainties around pending Bitcoin ETF approvals, has wiped out significant market value. However, a shift to higher timeframes reveals a confirmed breakout, potentially signaling the onset of a bull run. Historical validations, including closures above Ichimoku's Kijun-sen and the Bollinger Band, emphasize the importance of high volume in confirming buy signals. As the month progresses, the market's performance remains crucial, and closing January with a green volume bar could mark a turning point for those looking to seize a buy-the-dip opportunity.
Bernice
JinseFinanceHuobi Token briefly tanked below $0.40. HT managed to recover, but is still down 20% on the day.
BeincryptoVICTORIA, Seychelles, Aug. 23, 2022 (GLOBE NEWSWIRE) -- OKX, the world-leading cryptocurrency platform, has issued business updates for the week of August 23, 2022: OKX Earn launches Smart Gain ...
GlobenewswirePrices quickly recovered after developers determined that a technical API issue, not a security breach, catalyzed the heavy sell-off.
CointelegraphThe digital gold, aka Bitcoin, has been marked “dead” at least 458 times since 2009. However, BTC proved to be more than alive each and every time.
CointelegraphBitcoin has historically seen its price down from previous highs for more than three years, and the latest peak took place just seven months ago.
CointelegraphThe cryptocurrency crash has seen the number of bitcoin millionaires drop by more than 75 percent since November.
Cointelegraph
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