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Bitcoin Erases Powell Gains in Flash Crash
Bitcoin's recent rally was wiped out in under ten minutes after a single whale reportedly sold 24,000 BTC. In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Sam Ewen explores what triggered the flash crash, which reversed all gains from Fed Chair Jerome Powell's dovish speech, and what the options market reveals about the potential for more volatility.
This article has been published in coindesk.com via Yahoo News.
