No, Bitcoin’s Flash Crash Wasn’t Caused by Turkey or Money Laundering or China or Any Other FUD

In 20 minutes on Saturday night, bitcoin’s price fell by more than 12%. Crypto Twitter raced to explain it as the byproduct of hashrate crashes after Chinese miners went offline, a suspicious report about the U.S. Treasury Department going after crypto money launders, and/or an upcoming ban in Turkey on using cryptos as currency.

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