Bitcoin Steadies After Flash Crash

Bitcoin’s selloff eased Wednesday, offering some respite to holders of the volatile cryptocurrency after a flash crash a day earlier erased billions of dollars in its value.

The largest cryptocurrency by market value edged about 1.9% lower from its 5 p.m. ET level on Tuesday to trade at about $45,896.30 apiece, according to CoinDesk. It briefly dropped 17% over the course of a few minutes on Tuesday, and ended the day down about 10%. Other digital assets also have lost steam: Ether, the second-largest, slid 1.1% Wednesday.


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