Bitcoin had been sitting relatively still for weeks until yesterday, when it quickly dropped to lows not seen in two months. 

The largest cryptocurrency by market cap at the time of writing was trading for $26,060 per coin, CoinGecko data shows, marking an over 11% dip in the past seven days.

It’s still up from the lowest point it touched on Thursday, $25,649, but still well below the highs above $31,000 it hit in June. 

So, after a period of little volatility from mid-June into August, what caused the flash crash yesterday?

A lot of it has to do with the wider economy—including American regulation and institutional investors being unsure—as well as low liquidity, experts told Decrypt. 

According to data firm Kaiko, liquidity in the Bitcoin market has been dropping for some time now on major exchanges like Binance and Coinbase. This means that when big holders want to shift their holdings, the rest of the mark

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Author: Mathew Di Salvo

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