Cryptos Just Flash-Crashed

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Shortly before 11pmET, cryptos suddenly jerked lower with Bitcoin flash-crashing over 15% before bouncing back…

Bitcoin was hit the hardest…

Bitcoin collapsed over $1500 before quickly ramping back higher…

No immediate catalyst for the moves in crypto but we note that China’s offshore yuan started to accelerate lower at the same time…

As did US equity futures…

After commentaries run by Chinese state media outlets on Friday suggest the nation has little no interest in continuing trade negotiations with the U.S. for now.

 

 

 

 


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