Today news
About the same in other media
Bitcoin price flash crashes by 87% to $8K on Binance US
Reading now: 157
Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance's dedicated United States exchange, Binance U.S.
On Thursday, Binance U.S. suddenly printed a one-minute candle which took BTC/USD from $65,815 to $8,200 — a drop of 87%.
In what traders call a "scam wick," the one-minute BTC/USD differed dramatically from other major exchanges, which logged a one-minute candle with a floor around $64,200.
The phenomenon has occurred more frequently in recent days, with Bitstamp also seeing freak order book events.
The scope of the Binance U.S. error, however, was in a league of its own, and did not go unnoticed by market participants.
"Well done Binance U.S.," popular Twitter trader Crypto Chase summarized.
Crypto Chase
Read more on cointelegraph.comAbout this in other media
Marathon Digital stock reaches 6-year high as company HODLs $460M Bitcoin cointelegraph.com /2 years ago
Industrial Bitcoin mining breathes new life into tiny Texan town cointelegraph.com /2 years ago
Bitcoin price descending channel and loss of momentum could turn $60K to resistance cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
