Before last week’s price crash really got underway, there was a brief crash in the price of ether on Tuesday, Feb. 22. The TradeBlock ETX, a spot reference rate for ETH, fell 15%, from about $1,765 to $1,534 in just over half an hour, before recovering almost as quickly. It was notable because it broke one of the most liquid markets in crypto.
The Feb. 22 ETH sell-off came with larger than usual volume on all four of the exchanges that are components of the ETX. One of these exchanges,…
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