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 Oops: Bitcoin Crashed 87% on Binance’s U.S. Exchange Due to Algo Bug

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Oops: Bitcoin Crashed 87% on Binance’s U.S. Exchange Due to Algo Bug Vide
PostSubject: Oops: Bitcoin Crashed 87% on Binance’s U.S. Exchange Due to Algo Bug   Oops: Bitcoin Crashed 87% on Binance’s U.S. Exchange Due to Algo Bug Icon_minitimeFri Oct 22, 2021 2:47 am

Biggest cryptocurrency traded as low as $8,200 in a flash
Problem with trader’s algorithm has been resolved, Binance.US


Another day, another major snafu in cryptocurrency trading.

The price of Bitcoin rapidly plunged about 87% on Binance’s U.S. exchange Thursday morning, sinking to as low as $8,200 from around $65,000. The price did nothing like that on other venues, and on Binance the level almost immediately snapped back to where it had been.

.https://www.bloomberg.com/news/articles/2021-10-21/bitcoin-appears-to-crash-87-on-binance-in-apparent-mistake?srnd=cryptocurrencies

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