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Bitcoin price crashes in massive cryptocurrency sell-off – NEWS.com.au

Bitcoin price crashes in massive cryptocurrency sell-off

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Cryptocurrencies were hit by a flash crash over the weekend that saw the price of bitcoin plunge by a dramatic 15 per cent in 24 hours its sharpest slide in months. The tumble happened just days after the world’s top digital coin hit a record high of more than $US64,000 ($A82,755) on Wednesday, amid excitement for the arrival of digital currency exchange Coinbase on Wall Street.
But on Sunday the price of bitcoin fell from about $US59,000 ($A762,90) to $US51,000 ($A67,238) before rebounding. It…

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