Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-experiences-significant-drop-against-euro-on-coinbase/" data-wpel-link="internal">Bitcoin Experiences Significant Drop Against Euro on Coinbase</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/coinshares-raporu-kripto-para-piyasasinda-nakit-giris-cikislari-ne-durumda" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/avustralya-alevlere-teslim-oldu-bitcoin-care-olabilir-mi" data-wpel-link="internal">BTC</a>) today experienced a significant decline against the Euro on <a href="https://en.coin-turk.com/htx-cryptocurrency-exchange-withdraws-application-in-hong-kong/" data-wpel-link="internal">Coinbase</a> following a period of extraordinary volatility after reaching a record high of $69,325. On <strong>Coinbase</strong>, the <a href="https://en.coin-turk.com/exploring-the-symbiotic-relationship-between-bitcoin-and-dax-index/" data-wpel-link="internal">BTC</a>/Euro pair lost 23.7% of its value after the intense fluctuations.</p> 
<h2 style="text-align: justify" id="bitcoin-euro-pair-stabilizes-in-10-minutes">Bitcoin/Euro Pair Stabilizes in 10 Minutes</h2> 
<p style="text-align: justify">During this turbulent period, the cryptocurrency BTC briefly dropped to €48,529 on Coinbase, contrasting sharply with the smaller drop to €58,400 observed on platforms like Kraken. This stark contrast highlights the inherent volatility and susceptibility to sudden crashes in the cryptocurrency market. Notably, it took approximately 10 minutes for <a href="https://en.coin-turk.com/upbit-announces-delay-in-bitcoin-withdrawals-and-deposits-due-to-network-congestion/" data-wpel-link="internal">Bitcoin</a>‘s price on Coinbase to recover and realign with other exchanges.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-323490 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-euro-coin-turk-com-.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">As seen in this event, sudden crashes can be attributed to various factors, with liquidity shortages emerging as a primary cause. Essentially, when the volume of sell orders in the market exceeds the available buy orders in the order book, the price inevitably falls to meet the demand. This phenomenon underscores the importance of liquidity management in reducing sudden price fluctuations and maintaining market stability.</p> 
<h2 style="text-align: justify" id="what-causes-sudden-crashes">What Causes Sudden Crashes?</h2> 
<p style="text-align: justify">Moreover, sudden crashes can also stem from human error or technical glitches. This can be exemplified by what is known in the community as a “fat finger” trade. This term refers to accidental or erroneous transactions made by investors or algorithms, which trigger disproportionate market reactions and exacerbate price volatility. The occurrence of such events in past sudden crashes underlines the multifaceted nature of the markets.</p> 
<p style="text-align: justify">The discrepancy in Bitcoin’s valuation among Euro trading pairs emerged after an unprecedented rise to $69,325. <strong>BTC</strong> saw a reversal shortly after this surge, with its value dropping below $64,000 within minutes. This rapid oscillation highlights the unpredictability and speculative nature inherent in the cryptocurrency markets, often amplified by external factors and speculative trading strategies.</p> 
<p style="text-align: justify">At its core, sudden crashes point to the volatile trajectory of cryptocurrencies like Bitcoin, which at the time of writing is trading at $64,230. The cryptocurrency Bitcoin experienced a loss of approximately 8% in value after its rise.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-experiences-significant-drop-against-euro-on-coinbase/" data-wpel-link="internal">Bitcoin Experiences Significant Drop Against Euro on Coinbase</a></h5>

Bitcoin Experiences Significant Drop Against Euro on Coinbase

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