April 23, 2024

On the Binance exchange, the bitcoin rate briefly rose to $ 82 thousand.

The price of the first cryptocurrency momentarily soared by 370%, the reason could be a trader's mistake.

November 17, coursebitcoin momentarily rose from $ 17.5 thousand. up to $ 82 thousand. It happened on the Binance exchange in a pair to the TUSD stablecoin. Users who placed orders in advance to sell cryptocurrency at an inflated price were able to earn up to 370% profit per trade.

Bitcoin price chart on Binance (Binance.com)

The sharp rise in the rate of the coin was due to itslarge purchases by an unknown user. Usually, the turnover of trades on Binance in the BTC / TUSD pair on a minute interval does not exceed 1 BTC. However, at the time of the jump in the price of the cryptocurrency, this figure reached 28 BTC. An unknown person could have bought up all the bitcoins up to $ 82 thousand by mistake or did it on purpose.

Abnormal jumps in the price of cryptocurrencies have already happenedon Binance. At the end of October, on the Binance Futures platform, the Ethereum price momentarily rose from $ 386 to $ 571, and then fell to $ 197. In August, on the same site, the bitcoin quarterly futures rate soared by 800%, to $ 99 thousand.

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