As we all know, there’s been a huge flash crash which was triggered by a multi million dollar market sell couple of months ago which made the price of ethereum go from $300 to $0.10 in few seconds and also made a guy millionaire in seconds who had a buy order for 3,800 ETH when price hits 10 cents.

Today it happened again today on GDAX, an exchange for Bitcoin, Ethereum and Litecoin by Coinbase. between 12:05 PM – 12:10 PM EDT, there’s a mini flash crash which caused the price of Ethereum to go down by 10% and recover in a matter of seconds.

The flash crash was basically caused by automated market orders that are designed to help a trader limit their losses. They are called stop loss orders, as the name suggests, the order is automatically executed once the instrument’s price reaches a certain limit so that the trader can cap losses.

There was a volume of 6642 ETH in this 5 minute time frame and price has crashed from 0.05760 to 0.05104 which is about 11%. Though it’s very minimal compared to volatility in cryptocurrency space. It sure was a delight for few orders that were filled by this crash.

We’ll update more details on this as we receive them.


Tech enthusiast, currently focused on crypto-currencies.

Related Posts


How to explain Bitcoin to your Family This Thanksgiving

This Thanksgiving  You’re sitting at the Thanksgiving table, and your aunt is going on and on about where she is going to shop on Black Friday. When she mentions Target, your cousin remarks that her Read more…


Easy to remember descriptions of top 100 cryptocurrencies

World has been swarmed by 100’s of crypto currencies of which many have been already become obsolete. Given the 100 most valuable ones – what would you answer if someone asks you about a coin? Read more…


10 rules every crypto trader should follow

10 Rules of Crypto Trading While trading in such volatile space of crypto trading and with so many bad people trying to steal your assets, you ought to make few rules and stick to them. Read more…