Black Monday Fears Grip Crypto Market After Flash Crash
Crypto Twitter faces Black Monday fears following a flash crash across Bitcoin, Ethereum, and $33 million in AI perpetuals.
Fears of a 'Black Monday' market downturn spread across Crypto Twitter following a sudden flash crash affecting major digital assets, according to Ccn. The sharp market dip impacted leading cryptocurrencies including Bitcoin and Ethereum, alongside $33 million in AI perpetual contracts.
Market Impact
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The abrupt price movement triggered widespread concern among traders and market participants monitoring leveraged positions across derivatives platforms. The liquidation of AI perpetual contracts compounded the sudden downward pressure during the session.
Key facts
- 'Black Monday' fears emerged on Crypto Twitter following a flash crash
- Major assets affected include Bitcoin and Ethereum
- Liquidations reached $33 million in AI perpetual contracts
Source: news.google.com
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