XRP Crashes 56% on BitMEX, Rekt Traders Are Furious

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After an encouraging rally, Ripple’s XRP angered traders by causing huge liquidations on BitMEX. Price Brought Down 56% in One Candle XRP, which only a couple of weeks ago appeared on the BitMEX futures market, caused the ire of traders. After a rapid price move, which brought the asset down from $0.32 to $0.14 in one trading candle, market participants counted the losses from the trading glitch. Jacob Canfield, Bitcoin analyst, noted the XRP event had wide repercussions, and was not a harmless mistake. $XRP traded from $.34 to $.14 in one candle on Bitmex My mama told me that’s the devils coin and I’m starting to believe her. pic.twitter.com/RsMvavCS2o — Jacob Canfield (@JacobCanfield) February 13, 2020 After the event, traders started to report the BitMEX platform also failed to trigger their stop losses, leading to immediate liquidations. Such a move was unexpected for XRP, which usually holds its price…

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