The price of Bitcoin fell yesterday after Bitfinex closed its order book, citing issues with its post-trade processing. The Hong Kong-based exchange, which witnessed a 'flash crash' just last week, halted trading for a seven-hour period this morning. The Bitfinex price fell a further 3.8% when it reopened. Meanwhile, according to Bitcoinity data, the exchange managed 22,400 trades today, down from 81,500 this time last week. In an effort to make bitcoins more accessible and easier to use, several companies have launched their own versions of digital currencies. , mean a lot of people don't want to be the last ones to be able to sell."
The price of Bitcoin fell yesterday after Bitfinex closed its order book, citing issues with its post-trade processing. The Hong Kong-based exchange, which witnessed a 'flash crash' just last week, halted trading for a seven-hour period this morning. The Bitfinex price fell a further 3.8% when it reopened. Meanwhile, according to Bitcoinity data, the exchange managed 22,400 trades today, down from 81,500 this time last week. However, the ongoing debate over the 'block size' that should be used may also have contributed to the fall; a Bitcoin trader said "Brittle markets as evidenced by Bitfinex's downtime today, coupled with overhang from the block size debate, mean a lot of people don't want to be the last ones to be able to sell."