Flash crashes on Sunday night in the “most crazy casino that was created ever”

Michael B. Reagan Take a look at the flash crash in the ether during the weekend.

There was a lot of talk about how cryptocurrencies matured more The main asset category In the wake of the heavily successful launch of the money circulating in the vocal bits, ether and other invasions in space from traditional financing companies.

Well, perhaps. After specialization Flash In the ether where the positions with benefiting from this were filtered. reminder Among how digital asset markets lack all handrails that have been installed on traditional markets over the years due to the various adventures that harm investors. The second feature fell in the largest number of symbols with the traditional markets that were opened for trading on Monday morning in Asia, and fears about the customs tariffs against Canada and Mexico. Then within minutes, its losses extended to about 27 %, before recovery quickly.

Consider, this was Sunday evening in the United States. Grammys was on TV. It was around 2 am in London. Asia is a hotbed of trading in the sheep, so it was not exactly the most liquid moment per week, but it was far from the most liquid as well. This has put a lot of scrutiny on market makers whose mission is supposed to be to maintain organized price procedures.