April 23, 2024

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 rate experienced a sharp drop this Wednesday.Within four minutesThe price of the leading cryptocurrencyIt 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%.

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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

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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

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

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

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