Black Thursday
From CryptoWiki
Revision as of 12:01, 22 April 2020 by wiki_crypto>Zeb.dyor
- The 12th of March, 2020, the stock and crypto markets were plunging downwards due to the Corona outbreak, which, among other things, created a critical situation for MakerDAO.
- From Week In Ethereum (15-3-2020):
"Thursday’s global selloff of risk assets led to the most negative price action day of crypto’s short history. The selloff inflated gas prices (~200 gwei) which caused trouble for Maker. The Maker oracles stopped working for an hour or two."
- Coin Metrics wrote (21-4-2020) an assessment of the long term fallout of Black Thursday.