Bitcoin flash crash driven by liquidation of billions in long positions

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CNBC Television published this video item, entitled “Bitcoin flash crash driven by liquidation of billions in long positions” – below is their description.

Frank Chaparro, director of news at The Block, and CNBC’s Kate Rooney join “Power Lunch” to discuss the recent price moves in bitcoin as long-term holders take money off the table.

CNBC Television YouTube Channel

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About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

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