Bitcoin investors are used to the whiplash - inducing swings in the price of the currency, which has
suffered flash crashes and numerous price collapses amid thefts and cyberattacks that have plagued the industry, such as the fatal hack of the bitcoin exchange Mt. Gox in 2014.
Ethereum
suffered a flash crash on the GDAX exchange and some traders gained and others lost causing an outrage.
Not exact matches
US stock markets bounced back following the
flash crash on Monday but the Dow still ended the session down 4.6 %, having
suffered the largest one day points loss ever.
Still, indexes closed well above their lows as did many blue chip stocks like Apple, GE and JP Morgan which
suffered early trading
flash crashes.
The price of Ether, the world's hottest new cryptocurrency,
suffered its first
flash crash in June this year, falling from $ 350 to 10 cents in a matter of hours.
This was especially obvious during recent Initial Coin Offerings (Status ICO comws to mind), during which the network was completely overwhelmed and the ETH tokens
suffered a massive
flash crash.