Written by :
Aaron Goldstein
Published on :
The price of Bitcoin fell from a high of $9990 to $7995 before rebounding to $8656 late Saturday. This represented at 15% drop.
Coinbase suffered a brief outage when crypto prices plummeted Saturday afternoon.
From Decrypt.co:
Apparently, whales started liquidating their BTC positions in $2 million chunks just as the clock struck 5 PM in California. Bitcoin dropped from $9561 to $8570 in just under 30 minutes, before perking up to $8770, where it appeared to level off as of this writing.
- Gilbert Horowitz, Gambling911.com
