Binance CEO Issues Serious Crypto Price Warning (Just Before) Sudden Bitcoin ‘Flash Crash’ Knocks Ethereum And Wider Market. “Expect very high volatility in #crypto over the next few months.”

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Bitcoin, after surging to never-before-seen highs this week, suddenly plunged almost 90% on the U.S. arm of major crypto exchange Binance today—before almost immediately snapping back.

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The bitcoin price briefly dropped to under $10,000 per bitcoin on Binance.US, down almost 90% from around $65,000 and knocking the bitcoin price on other exchanges. The sudden plunge also took the wind out of the ethereum price rally.

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Bitcoin’s flash crash, blamed on an institutional trader’s rogue algorithm, came as Binance’s chief executive warned crypto traders should watch out for “very high volatility” in coming months.

www.forbes.com/sites/billybambrough/2021/10/21/binance-ceo-issues-crypto-price-warning-after-sudden-bitcoin-flash-crash-knocks-ethereum-and-wider-market/

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