Bitcoin Price Flash Crashes by $700 in Minutes Back Below $12K

The top 20 cryptocurrencies are seeing mixed movements as Bitcoin suddenly flash crashed in minutes from $12,300 to as nearly $11,600.

Bitcoin price is still currently up by 1.5% on the day, trading at around $11,813 at press time, according to Coin360.

The second-largest altcoin, XRP, has a market cap of $13.6 billion at press time.

At press time, ETH is trading around $231. On the week, the coin has also gained about 10% of its value.

Among the top 20 cryptocurrencies, the one reporting the most notable losses is Litecoin, which is down 7.1% at press time.

At press time, the total market capitalization of all cryptocurrencies is $310 billion, about 17.91% lower than the value it reported a week ago.

In traditional markets, the US stock market is seeing losses so far today, with the S&P 500 down 2.98% and the Nasdaq down 3.47% at press time.

The CBOE Volatility Index, on the other hand, has lost 10.91% on the day at press time.

Major oil futures and indexes are seeing mild losses today, with WTI Crude up 0.27%, Brent Crude up 0.05% and Mars US down 2.48% at press time.

The OPEC Basket is down 3.2% and the Canadian Crude Index has lost 3.19% over the 24 hours by press time, according to OilPrice.