Home / Markets / Cryptocurrency / Bitcoin appears to crash 87% in a flash on Binance’s US venue Bitcoin appears to crash 87% in a flash on Binance’s US venue Premium Volume on the exchange in that minute was 592.8 Bitcoins, which are worth just shy of $40 million at current prevailing prices. (REUTERS) 1 min read . Updated: 21 Oct 2021, 09:54 PM IST Bloomberg The price of Bitcoin appeared to rapidly — and only temporarily — plunge about 87% on Binance’s U.S. exchange Thursday morning, sinking to as low as $8,200 from around $65,000. The price did nothing like that on other venues, and on Binance the level almost immediately snapped back to where it had been. The plunge occurred at 7:34 a.m. New York time, according to Binance’s website. Volume on the exchange in that minute was 592.8 Bitcoins, which are worth just shy of $40 million at current prevailing prices. Mistakes like this happen throughout finance when, for instance, traders mess up details of their intended trades, entering the wrong price or order size. An erroneously large trade, as one example, can overwhelm an exchange’s order book, leading to a quick and massive decline. The entire U.S. stock market famously flash crashed back in May 2010, though equities have mostly avoided trouble since that era. This is the latest in a string of recent high-profile trading problems in crypto. Synthetify, a new decentralized exchange, was forced to shut down for a while earlier this month shortly after its debut because of bad data provided by the Pyth Network, a price feed backed by some of the world’s most well-known trading and exchange firms. Pyth malfunctioned another time in September, erroneously making it appear that Bitcoin had crashed 90%.
The surge in Bitcoin’s value in recent weeks follows the much anticipated first Bitcoin ETF debuting on the New York Stock Exchange, and a record-breaking October for the stock market in general.
.
Lowe’s Advantage Card: Great for Home Improvement, But Watch Out for Deferred Interest Hello Select your address Account & Lists Returns & Orders Best Sellers Customer Service Prime New Releases Books Pharmacy Registry Early Black Friday Deals Fashion Kindle Books Toys & Games Gift Cards Amazon Home Automotive Computers Find a Gift Shopper Toolkit Coupons Home Improvement Video Games Smart Home Beauty & Personal Care Health & Household Amazon Basics Pet Supplies TV & Video Baby Handmade Sports & Fitness Disability Customer Support Books Advanced Search New Releases Best Sellers & More Children's Books Textbooks Textbook Rentals Best Books of the Month Cryptocurrency Investing For Dummies and millions of other books are available for Amazon Kindle. Learn more Books › Business & Money › Economics Get Fast, Free Shipping with Amazon Prime & FREE Returns Return this item for free Free returns are available for the shipping address you chose. You can return the item for any reason in new and unused condition: no shipping charges Learn more about free returns. Go to your orders and start the return Select the return method Ship it! Free shipping within the U.S. when you order $25.00 of eligible items shipped by Amazon. Or get faster shipping on this item starting at $5.99 . (Prices may vary for AK and HI.) Wednesday, Nov 17 on orders over $25.00 shipped by Amazon. Details As an alternative, the Kindle eBook is available now and can be read on any device with the free Kindle app. Want to listen? Try Audible. Qty: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Qty:1 $$17.1917.19 () Includes selected options. Includes initial monthly payment and selected options. Details Shipping cost, delivery date, and order total (including tax) shown at checkout. We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Learn more For the 2021 holiday season, returnable items purchased between October 1 and December 31 can be returned until January 31, 2022 Sorry, there was a problem. There was an error retrieving your Wish Lists. Please try again. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free.
In early 2009, Nakamoto released Bitcoin to the public, and a group of enthusiastic supporters began exchanging and mining the currency.
Crypto Trading Journal - Log Book For Cryptocurrency Market Traders and Investors: Trading Notebook to Discipline and Organize Your Trading - 250 Pages - 8.5x11 in
Since its inception, Binance has quickly become the largest cryptocurrency exchange in the world. Binance is primarily known for its low fees and large amounts of liquidity. The exchange currently offers more than 500 cryptocurrencies and over 1,200 trading pairs. This certainly makes it an attractive place to trade as crypto investors can have their pick of almost any digital asset they wish to trade.
The repeated retest of a support level within a short interval tends to weaken it. If the price breaks below $49.78, the DOT/USDT pair could drop to the 20-day EMA ($48.09). This is an important support for the bulls to defend.
WeekendDigital ConsumerPE/VCBrand WorldSMEStart-upsB2B ConnectSponsored ContentBS SpecialWorld Environment Day
"For any centralized service, we have to do [client verification] and hold customer data," Zhao said. "On top of that we have to hold customer assets. Unlike banks, when the assets get stolen it's difficult to get them back. There's a high responsibility on the centralized exchanges we need to carry out well."
Chennai Rains LIVE UpdateSensex TodayNovember Bank Holiday 2021Dogecoin PriceCryptocurrencyBinance Coin PriceWhat are multi asset fundsWhat are balanced mutual fundsGlobal marketsMutual fundsBreaking newsLTC Cash Voucher SchemeSGX NiftySensex LiveIRCTC share priceInfosys share priceRupee Cryptocurrencies Add to myFT
These are just some of the reasons Bitrise crypto coin has hit the $200m market cap so fast. The token has exciting features that are appealing to thousands of crypto investors. With the upcoming staking process and launch of the revenue sharing program, the coin's market cap is projected to jump even higher.
The emerging world of gaming built on blockchain platforms is still in its embryonic stage, but Coin Rivet has been involved in this innovative industry from the beginning. Here’s where you can learn more and be involved in the excitement of blockchain gaming…
Using data from a prominent blockchain research firm, Coinmetrics.io, we explore the relationship between prices, computing power (measured by the hashrate), and network (measured by the number of unique active users). We focus on five major mineable cryptocurrencies (i.e. Bitcoin, Ethereum, Monero, Litecoin, and Dash). In some of our test, we expand our data to include an additional 33 cryptocurrencies. Our sample period spans from 7 August 2015 to 25 January 2019.
SafeMoon listed three reasons why the V2 upgrade is expected to boost the demand for the token in a recent tweet:
Blockchains typically function via proof-of-work (PoW) or proof-of-stake (PoS) consensus algorithms. PoW operates based on miners who often designate specific computing machines for the process.
The recent trading frenzy over a digital token called Shiba Inu — commonly billed as a “meme” or joke coin — has vaulted the canine-themed cryptocurrency into the top ten most valuable digital assets by market value, hitting $40 billion and surpassing its cousin and apparent inspiration, Dogecoin.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.