Bitcoin price crash (to $5400) … that didn’t happen

Bitcoin price crash (to $5400) … that didn’t happen

A cryptocurrency data network that is controlled and run by a network of some big  US finance industry players lost its shit showed a massive plunge in BTC.

  • Displayed the price of the coin dropping to $5402
  • a roughly 90% plunge

This pricing did not show up on other platforms (because it didn’t happen). 

Bloomberg (link, may be gated) report further:

  • The platform, called Pyth
  • heralded by its supporters as an industrial-grade source for pricing information on assets like stocks and cryptocurrencies
  • “Engineers are continuing to investigate the cause and a full report is in the works,” Pyth tweeted 

BTC has not had a banner day, but it hasn’t collapsed either … 

A cryptocurrency data network that is controlled and run by a network of some big  US finance industry players lost its shit showed a massive plunge in BTC.

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