Bitcoin suffered a flash crash on Christmas Eve, losing its “Christmas rally,” and is set to post its worst quarterly performance in three years.
As the traditional financial markets welcomed a year-end rebound, Bitcoin not only lost the “Christmas rally” but also experienced a rare flash crash on Binance.
On Wednesday night during the US trading hours, Bitcoin suddenly flash-crashed from $87,600 to $24,100 on the Binance BTC/USD1 trading pair, plunging