Crypto's Weekend Wipeout Exposes a Glaring Flaw in Wall Street's Bitcoin ETFs
Bitcoin's price fell by over $12,000, from near $123,000 to below $107,000 in minutes, causing shockwaves in the digital asset market.
The resulting carnage 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, highlighting the sheer scale of the financial bloodbath.
Author's summary: Crypto market volatility exposes flaw in Bitcoin ETFs.