As fast as Bitcoin rallied to $10,000, it crashed. The cryptocurrency dipped approximately $1,000 in the span of eight hours in a process that liquidated approximately $80 million worth of contracts on BitMEX’s XBT market. The drop in BTC came alongside a strong correction in the S&P 500 index, which saw its worst daily performance in months. The index dropped 6% during Thursday’s trading session, with its weakness coinciding with that of Bitcoin and other […]
