Rising inflationary pressures are dragging stocks and bonds, which may prompt the Fed to hike interest rates earlier than expected, an expert said.
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Interestingly, the breakout was initiated right as a report from the United States Bureau of Labor Statistics (BLS) showed a sharp 6.2% annual rise in the Consumer Price Index (CPI), a figure that has hit its highest mark in 30 years.
The billionaire founder of Citadel also expressed bewilderment with Elon Musk's decision to ask Twitter if he should sell 10% of his Tesla stake.
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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%.
Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance’s dedicated United States exchange, Binance.US.
While the biggest cryptocurrency trades strong, its market dominance has been dipping as investors shift to altcoins, said CoinDCX Research Team.
Popular cryptocurrencies such as Bitcoin and Ethereum are built on blockchain technology. Blockchains like Bitcoin and Ethereum are constantly growing as new blocks are added to the chain, increasing the security of the ledger dramatically.
Moreover, Coinpedia projects the price could range between $0.00000957 at the low end and a peak of over 2x that amount or more ($0.0000192). new follow-up comments new replies to my comments Label Name* Email* Website News PlayStation Xbox Nintendo PC Guides Game Culture Film TV Tech Features Reviews Previews Twitch Discord Merch Best Products Shop
The new team, called Twitter Crypto, is aimed at being the center of excellence for "all things blockchain and web3," Financial Times reported.
Difficulties impacted all three SafeMoon wallet products - its Android and iOS versions, and the website's buy and swap function.
The SafeMoon Protocol is a community driven, fair launched DeFi Token. Three simple functions occur during each trade: Reflection, LP Acquisition, & Burn.
Overall, Coinmarketcap estimates the global crypto market has shrunk around 10% in the past 24 hours.
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The crypto prices today are trading in the red as Bitcoin, as well as the altcoins, have retreated after a strong week of rallies to new all-time highs.
Binance owns Binance.US’s name and intellectual property. However, Binance.US is managed independently. The main differences between the two relate to financial regulations in the United States. Binance.US cannot legally offer all the same crypto assets that the main Binance exchange can.