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Crypto Flash Crash Wiped Out $300 Billion In Less Than 24 Hours, Spurring Massive Bitcoin Liquidations

Crypto Flash Crash Wiped Out $300 Billion In Less Than 24 Hours, Spurring Massive Bitcoin Liquidations



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  1. Be advised. This submission either linked to an article written by the Forbes editorial staff or a contributor. Contributor articles are essentially op-ed or non-fact-checked pieces written by people recruited by Forbes and do not necessarily reflect the views of the Forbes editorial staff.

    *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

  2. tldr; Cryptocurrency prices plunged early Sunday after blackouts in China led to massive declines in bitcoin’s mining rates. “Price and hash rate [have] always been correlated,” cryptocurrency researcher Willy Woo said. Dallas Federal Reserve President Robert Kaplan on Friday said that despite bitcoin’s volatility, the token has proven itself as a store of value.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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