What. Bitcoin price dropped to 24€/BTC

[Ucy]

This was due to the cloudfare outage few days ago, i guess . I wish we could get a good explanation of what really changed the price?
Could a more serious  Internet outage cause an actual collapse in price of bitcoin.
Yesterday was quite strange my friend.

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[STT]

The graph can in theory show 1 dollar a bitcoin but the important factor would be the volume for that price, if it was just 1 order and for some reason there was little other deals at that time then its what we call an insignificant price.

It happens anyway, some gaps exist between the trading spheres of the world as it turns and various nations come into their main trading days.   It'll never go to 1 like that but we all know Bitcoin jumps around alot and its partly due to this effect of volatile volume.

Where low volume exists the price is less accurate, the speed at which BTC can pass through a new pricing level is far faster.   Old price like 6000 will be like a road covered with speed bumps, many thousands of orders waiting to captue the price and engage a deal so results higher volume.    At 13k I dont think there is much volume, however that also means less buyers I guess.  10,000 will have lots by now

[BitHodler]

This was due to the cloudfare outage few days ago, i guess . I wish we could get a good explanation of what really changed the price?

Coindesk uses various exchange to fetch pricing data from, so if one of these exchanges is down for whatever reason, their own index might not function correctly anymore and show invalid pricing data.

Could a more serious  Internet outage cause an actual collapse in price of bitcoin.

I doubt it. Flash crashes are called that for a reason-- bots buy up the market as fast as it went down. It's a dream for people to buy Bitcoin at double digit rates, but more than a dream it will not be.

Also, there are so many exchanges around the world that it's near impossible to see every single one of them mess up somehow and go doww. That's the beauty of how distributed the ecosystem around Bitcoin is.