Approval or Disapproval Situation of Bitcoin
From an investigation into the cause of Bitcoin's big reversal into the competition between Ethereum, EOS and Tron, here's a review some of the stories breaking in the world of crypto. Bitcoin The Luxembourg-based crypto exchange Bitstamp says it's launching a study into a massive Bitcoin sell order that triggered Friday's crypto crash. A large sell order was executed on our BTC/USD pair today, strongly impacting the order book. Our system behaved as designed, processing and fulfilling the client's order as it was received. We closely examine every event that causes large-scale movement in order book and have started an immediate case investigation. The sell order sent the associated with BTC on Bitstamp into a sudden spiral, dropping from $7,800 to at only $6,250 in about 15 minutes. The drop then triggered the liquidation of a giant number of long positions on BitMEX, which calculates its Bitcoin index as per the average price between Bitstamp and Co