ADVERTISEMENT

Alert: 20 BTC sold at $1800 on Binance

ADVERTISEMENT

Must Read

Bitcoin rises to $8,000 as Britain reaches a Brexit deal – Bitcoin News

Today marks a historic day as the European Union, and Britain reached a Brexit deal. Many experts and analysts...

BTC.com and Antpool co-discover the same block – Bitcoin Mining News

Bitcoin network initiated a rare event where two highly competitive pools co-discovered the same block. In the end, one...

Infamous Darknet website that sold credit cards gets hacked – Dark Web News

BrainsClub, a well known Darknet website, got a taste of its medicine as a hacker, stole the information from...
Malaki Braydon
Malaki Braydon
Braydon has been into the crypto and blockchain space from the past 7 years. Based in New York City, Braydon has completed his masters from Kingsborough Community College.

Cryptocurrencies have been facing a hard time in the market to prove their worth as the market collapsed yesterday with a huge drop in Bitcoins price, and all other altcoins also suffered double-digit losses.

Cryptocurrency market collapsed yesterday with a huge drop in Bitcoin price, and all major altcoins also suffered double-digit losses.

In the middle of this, The real shocking news cames from Binance, where the proprietary stablecoin of the exchange- Binance USD(BUSD) faced a flash crash. This crash against BTC for a fraction of time took the BTC/BUSD pair to $1,800 as trading bots, and algo traders amplified the sell-off.

This flash crash happened because of low liquidity of BTC/BUSD, and the pair stabilized quickly. But what’s shocking is that someone was able to get their hands on 20 BTC for $1,800.

On the other hand, Binance Coin(BNB) also experienced intense selling pressure as BNB/USD lost about 18% of its value in the last 24-hours and traded at $15.96. Binance has announced the launch of Binance US which went live on 24th September.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

Leave a reply

Please enter your comment!
Please enter your name here

Latest News

Bitcoin rises to $8,000 as Britain reaches a Brexit deal – Bitcoin News

Today marks a historic day as the European Union, and Britain reached a Brexit deal. Many experts and analysts...

More Articles Like This