Bitcoin Flash-Crashes To $8,500, Then Rebounds As Biggest US Exchange Breaks

Chaos: Bitcoin bounced back $1500 from the lows, rising as high as $10,400 from nearly $2000 lower just an hour earlier, before trading in a range around $10,000.

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Update: The crash is continuing with Bitcoin now collapsing below $9000...

Ethereum and Litecoin are also under pressure.

Numerous exchanges and trading platforms are suffering outages.

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Having soared in the last 24-48 hours to as high as $11,395 this moring, Bitcoin has just tumbled back below $10,000...

While a notable pump and dump, this drop is a mere 13% (following an 8% drop overnight after initially breaking $10,000).

There is some chatter than Bitcoin flash-crashed to as low as $9130 on Coinbase...

Remember on November 8th to 10th, Bitcoin crashed 30% amid rumors of its death.

image courtesy of CoinTelegraph

And as we noted previously, Bitcoin crashes at least once every quarter...

 

Amid a record day for traffic, Coinbase website is down once again...