The price of bitcoin slumped again today after Bitfinex closed its order book, citing issues with its post-trade processing.
In a statement on Reddit, Zane Tackett, Bitfinex's director of community and product development, said:
According to Bitcoinity data, the exchange handled 22,400 trades today, down from 81,500 this time last week. Since the flash crash, it has been shunted to the fourth most popular exchange, succeeded by Huobi and BTC China.
Last week's flash crash at Bitfinex saw the CoinDesk Bitcoin Price Index fall 14% to a four-month low of $214.03. At press time, it remains $30 below pre-flash crash levels.
Besides Bitfinex, a bitcoin market maker told CoinDesk the slump could also be due to the uncertainty around Bitcoin XT – the contentious client aiming to 'fork' bitcoin. He said:
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