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April 22, 2021 at 5:00 am UTC · 2 min read
Ethereum (ETH) saw one of the most severe flash crashes that it has seen since the beginning of the year.
The second-largest cryptocurrency by market capitalization saw its market value plunge by 18% within a few hours, shedding over 400 points. Its price went from hovering at a high of $2,319 to a two-week low of $1,900. The incident seems correlated with a coal and gas accident in Xinjiang, China, which caused a power outage.
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