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₿ Maxi Satoshi 1y ago

The Coinbase, $COIN, crash just erased $100 BILLION of market cap in #Bitcoin  in 15 minutes.

Between 12:15 PM ET and 12:30 PM ET, Bitcoin fell from $64,000 to $59,000.

This was a near 9% swing in 15 minutes right as many Coinbase users began showing a $0 balance in their account.

It also happened to occur just as Bitcoin was less than 10% away from a new all time high.

Coinbase is reportedly still working on fixing the issue.

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Discussion

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HolySats 1y ago

Long and shorts leverage degens liquidated in under 15 minutes and you mad?

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₿ Maxi Satoshi 1y ago

Not at all, is at discount 😏

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Matheus 1y ago

That’s suspicious 🤨 👀

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10Luno 1y ago

Con-base (and that's not a typo) is selling paper-BTC so they don't have the actual #Bitcoin so have to resort to these tricks to keep from a bank run exposing their scam.