First event: flash crash on 21 Jun, price goes from $320 to $0.10 and back to $300 in a few seconds, this flash crash made someone a millionaire.
Second event: Ethereum was around -5%, Vitalik Buterin (founder of Ethereum) declared dead, price ETH reacts to this rumor and falls double digits, all the other cryptocurrencies follow
For me these 2 events show that the market is oversensitive right now and the smallest event can cause a crash. The market needs to become stronger in several ways. There is still a lot of space for improvements in the market mechanism.
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