September 20, 2020

Bitcoin exchange rate decreased by 8% after fixing a 4-month minimum

Bitcoin exchange rate decreased by 8% after fixing a 4-month minimum

The Bitcoin exchange rate experienced a sharp drop this Wednesday. Within four minutes, the price of the leading cryptocurrency It dropped from $ 7,900 to $ 7,500 after it did not hold above $ 8,000 in the first half of the day. Over the past 24 hours, the decline has been about 8%.

</p>

The last time Bitcoin (BTC) was trading at these levels in early June - then its rate was rising.

Together with bitcoin, the wider cryptocurrency market also rushed down. Losses of most altcoins are within comparable limits.

Bitcoin exchange rate decreased by 8% after fixing a 4-month minimum

</p>

The data from the skew portal indicate that the volume of liquidations on BitMEX exchange bitcoin contracts over the past hour amounted to $ 188 million.

Bitcoin exchange rate decreased by 8% after fixing a 4-month minimum

</p>

As with sharp market movements inIn the past, users have reported interruptions on cryptocurrency exchanges. In particular, access problems were observed on Binance. Previously, Binance increased the margin size of the leverage for its Bitcoin futures to 125x.

Meanwhile, a new record volume of Bitcoin futures trading at 296 BTC was recorded on the Bakkt platform. The previous high was 224 BTC.

</p>