Crypto exchange BitMEX is investigating unusual trading activity that led to a flash crash in Bitcoin on its platform yesterday.
The price of Bitcoin against Tether’s USDT stablecoin fell to as low as $8,900 on BitMEX late Monday, while the largest cryptocurrency was trading above $66,000 on rival venues. The price of Bitcoin on the exchange quickly recovered and was trading at $64,284 as of 4:10 p.m Singapore time.
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