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Bitcoin Sparks Crypto Volatility as Traders Patch Bleeding Stock Markets

Bitcoin Sparks Crypto Volatility as Traders Patch Bleeding Stock Markets
Bitcoin lost almost 5 percent in minutes on October 11th, dragging altcoins down as cryptocurrency markets followed stocks in a fresh tumble.

$13 Billion Disappears in 30 Minutes
Data from Coinmarketcap captures a sudden slide for BTC/USD taking the pair down over $400 in a 30-minute window beginning around 11:00 p.m. on October 10th.
By 12:00 a.m. EST, Bitcoin (BTC) 0 0 had reached a low of $6087 – a maximum drop of $470 – while managing to sustain support to keep trading above the $6000 barrier.
On social media, commentators scrambled to find a cause for the sudden volatility impacting the market.
As Twitter account Whale Alert noted late Wednesday, events followed on from a transfer of over 15,000 BTC to an unknown wallet in a single transaction, sparking suspicions about market manipulation.


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