As I mentioned in our “Bitcoin Flash Crash” article yesterday, the end was not in sight just yet, and it turned out the Bitcoin price kept going up and down throughout the day on all major fiat currency exchanges. This morning however, it might seem like things have stabilized, but I wouldn’t get your hopes up just yet.
All Fiat Currency Markets In The Green
Yesterday was a slaughterhouse for all Bitcoin/fiat currency trading markets on each and every exchange. In fact, the 24-hour differences were as high as minus 10% for the first time, and prices plummeted to the US$166 mark for the first time since early 2013. Many Bitcoin enthusiasts had to rethink their position in the cryptocurrency world, creating even more panic selling across the world.