Crypto's Weekend Wipeout Exposes a Glaring Flaw in Wall Street's Bitcoin ETFs
The price of Bitcoin fell by more than $12,000, from near $123,000 to below $107,000 in minutes, causing shockwaves in the entire ecosystem.
This volatility drove other major cryptocurrencies like Ethereum and Solana down, creating one of the largest liquidation events in history, signaling inherent risks in the market.
A clear signal of the inherent risks in the fast-evolving market and an integral design flaw in the new Wall Street-endorsed vehicles for investing.
According to market analysts, the event triggered a “cascade” of forced selling, resulting in an unprecedented financial bloodbath.
Author's summary: Crypto market volatility exposes flaw in Bitcoin ETFs.