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Bitcoin News Roundup for March 2, 2020

With bitcoin taking a breather after last week's abrupt fall, Markets Daily is back with another time saving news roundup.

Updated Dec 6, 2022, 6:28 p.m. Published Mar 2, 2020, 5:11 p.m. 1 min read
MD FEB 27 RELEASE

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Hyperliquid SpaceX flash crash (Hyperliquid)

A massive selloff in a SpaceX crypto token wiped out hundreds of retail traders in 30 minutes because the market lacked enough cash to absorb the shock.

What to know:

  • A violent 45% flash crash wiped out hundreds of retail traders when a SpaceX-linked crypto contract plummeted in just 30 minutes, wiping out $1.51 million in value and catching small-time investors completely off guard.
  • The market was too thin to handle one massive trade because the token lacked deep financial...