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Ethereum and Bitcoin Have Brief Flash Crashes
Foresight News reports that Bitcoin saw a sudden flash crash, falling more than 6.54% in a single day to 65,621 USDT. Furthermore, Ethereum experienced a brief flash crash as well, falling to 3,313 USDT and losing more than 7% during that period. These recent flash crashes have brought attention to the volatility of the digital currency market, which has affected both cryptocurrencies. Both Bitcoin and Ethereum have the capacity to rebound from such occurrences and have demonstrated resiliency in the past, despite the abrupt declines.
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