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.
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.
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>Read this:
Bakkt futures record trade coincides with Bitcoin collapse
In the Bitcoin blockchain, a record of SegWit transactions and network hashrate
The growth rate of bitcoin and altcoins, a review of cryptocurrency quotes
Bitcoin exchange rate recovered over $ 10,000 psychological mark
The official exchange rate of bitcoin to the ruble and the legalization of cryptocurrencies in the Russian Federation
Bitcoin rises above $ 8,500 amid expectations of dollar depreciation