6/2/12 Bitcoin Flash Crash A Whisper Time
And then there was $130, for a short time. With Bitcoin heading to $136 recently, the early morning hours of Sunday saw what could be considered a flash crash of sorts.
But, the flash crash did not last for long. It instead gave way to the some of the heaviest volume traded in Bitcoin in months, even with volume at Mt. Gox being low in lieu of its recent issues.
And Bitcoin held $120, bottoming out realistically around $118.
Sentiment is cautious, with an obvious dose of that Bitcoin long-term bullishness. And we see this enthusiasm leaking out into the mainstream business environment.
With $6.7 million in Bitcoin pooled, BitAngels has entered into the Bitcoin sphere with considerable reserves, and stories like this are sure to remain in the headlines.