The bitcoin flash crash to $0.01 in June 2011

Abstract: We look at the events surrounding the bitcoin price rally in June 2011 to $32 and the following temporary flash crash down to $0.01, on the MtGox exchange. We look at the incompetence of MtGox and examine the causes of the crash. We then look at the political battle and uncertainty which occurred in … Continue reading The bitcoin flash crash to $0.01 in June 2011