The price of bitcoin does not always correlate with the global stock markets, but under extreme conditions, investors may be anxious to shed their most risky assets. The price of Bitcoin fell last week after Bitfinex closed its order book, citing issues with its post-trade processing. The Bitcoin -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 yesterday , down from 81,500 this time today . However, the ongoing debate over the 'block size' that should be used may also have contributed to the fall; a Hong Kong 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."
The price of Bitcoin fell last week after Bitfinex closed its order book, citing issues with its post-trade processing. The Bitcoin -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 yesterday , down from 81,500 this time today . However, the ongoing debate over the 'block size' that should be used may also have contributed to the fall; a Hong Kong 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."