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Cryptos Just Mini Flash-Crashed
Shortly after 1015ET, the crypto space was suddenly hit by a wave of selling that slammed Bitcoin down over $200 almost instantaneously, only to rapidly recover. The entire crypto space dumped'n'pumped. There is no obvious headline catalyst but we do note that Intercontinental Exchange (ICE)’s Bakkt platform launched physically-delivered Bitcoin futures trading yesterday and could potentially have exaggerated the move.