Source: Forbes
“Bitcoin has suffered a so-called ‘flash crash’ that knocked $4,000 from the bitcoin price in a matter of minutes …. Bitcoin’s sudden decline, coming amid fears a U.S. dollar ‘crisis’ could propel the bitcoin price higher, has been blamed on a single large holder cashing out 24,000 bitcoin worth over $2 billion, according to social media reports. … The sudden sell off weighed on the wider crypto market, including ethereum, wiping around $100 billion from the combined $4 trillion crypto market in just 24 hours. … The bitcoin price downturn, following the bitcoin price rising sharply on Friday, has raised fears selling could spread to the wider crypto market.” (08/25/25)