Alert: 20 BTC at Binance sold for $1800

Binance Bitcoin Futures Exchange Cryptocurrency BTC
Binance Bitcoin Futures Exchange Cryptocurrency BTC

Cryptocurrency market collapsed yesterday with a huge drop in Binance BTC at 1800$ price, and all major altcoins also suffered double-digit losses.

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In the middle of this, The real shocking news cames from Binance BTC Price, where the proprietary stablecoin of the exchange – Binance USD(BUSD) faced a flash crash. This crash against BTC for a fraction of time took the BTC/BUSD pair to $1,800 as trading bots, and algo traders amplified the sell-off.

This flash crash happened because of low liquidity of BTC/BUSD, and the pair stabilized quickly. But what’s shocking is that someone was able to get their hands on 20 BTC for $1,800.

On the other hand, Binance Coin(BNB) also experienced intense selling pressure as BNB/USD lost about 18% of its value in the last 24-hours and traded at $15.96. Binance has announced the launch of Binance US which went live on 24th September.

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Binance

Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of trading volume. Wikipedia

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