Does Crypto Need Circuit Breakers? Last Week’s Price Crash Ignites a Debate

From coindesk.com

Now, after a brutal week of sell-offs and flash crashes, some players are calling for what would have been unmentionable, if not unthinkable, even during the cryptocurrency market’s near-collapse in 2018 – “circuit breakers.” These are automatic stoppages put in place should prices fall below specified levels. Implemented at stock exchanges after the “Black Monday” crash in 1987, circuit breakers are meant to essentially throw sand in the gears of a plummeting market. Cryptocurrency markets have no such guardrails, which helps explain why, in a matter of a dozen minutes Thursday, bitcoin (BTC) endured a ... (full story)