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A Flash Crash In The Bitcoin Market This Week Revealed The Currency's Biggest Problem

• Business Insider
 

Bitcoin has been on a tear this year.

The virtual currency, which is exchanged anonymously via an online peer-to-peer network, might be starting to go mainstream, as the recent announcement that Silicon Valley Bank will hold Bitcoin deposits suggests.

And while there has been a lot of increased interest in Bitcoin as of late, given its meteoric rise, there's still one big problem, as this week illustrates.

On Monday, a technical glitch caused a "flash crash," causing Bitcoin to tumble 23 percent.



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