Crypto's Weekend Wipeout Exposes a Flaw in Wall Street's Bitcoin ETFs
The price of Bitcoin fell by over $12,000, from near $123,000 to below $107,000 in minutes, causing shockwaves in the digital asset market.
This volatility drove other major cryptocurrencies like Ethereum and Solana down further, resulting in one of the largest liquidation events in history.
According to market analysts, the event triggered a
"cascade" of forced selling, highlighting the inherent risks in the fast-evolving market and a design flaw in Wall Street-endorsed investment vehicles.
The sheer scale of the financial bloodbath was unprecedented, signaling a need for caution in the crypto market.
Author's summary: Crypto market volatility exposes flaw in Bitcoin ETFs.