Yesterday’s Bitcoin Flash Crash also caused on Binance for Chaos. During the Bitcoin sagged rate temporarily below $ 8,000 and the entire crypto-market-entrainment, it was at Binance a special BTC bargain. Because Binance Bitcoin slumped to 1,800 USD the BTC/BUSD trade a pair, because there was simply too little liquidity on the seller side.For more background to the big Crash you’ll find in this article: Bitcoin price and Altcoin bloodbath – 7 possible reasons for the break-in.
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Binance Stablecoin BUSD allows the price of 1.800 USD
The Stablecoin of Binance (BUSD) was not spared from the sudden price crash of the BTC/USD trading pair. Through the use of Bots and Trading Software, the decline has been accelerated so much so that the BTC/BUSD trade fell to a few briefly of 1,800 USD. Exactly in this Moment a user created a purchase order of 20 BTC and got hold of the exorbitantly low Bitcoin price.The last time the Bitcoin 1.800 US-dollars was the cost of the 17.05.2017. As the reason for the short-term Crash of the Binance-Stablecoins to the low liquidity and the lack of protection is presumed to be measures of Binance. The Trader it won’t matter, he already has a rich book-profit.Trading on BitMEX, with up to 100-fold leverage. Do you want to move also larger sums, but the money is missing? On BitMEX, you can act through the lever with 100€ a volume of up to€ 10,000 and your profit times the verhundert. Of thinking but always remember, the higher the leverage, the greater the risk! Now on BitMEX sign up.
BNB under strong price pressure
Also the Exchange-Token BNB of Binance suffered a rapid price erosion of almost 20% and is favor of added 19.63 15.43 USD. The big Player in the highly competitive Bitcoin exchanges Business started yesterday with his new Binance.US platform.Were you one of the Lucky shot, the BTC for the low, low price? What do you think of Binance and the influence on the courses? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock, Binance)