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

Oct 21, 2021 · Bitcoin Crashed 87% on Binance’s U.S. Exchange Due to Algo Bug Biggest cryptocurrency traded as low as $8,200 in a flash Problem with trader’s algorithm has been …

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Bitcoin Crashed 87% On Binance’s U.S. Exchange Due To Algo Bug

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Oct 21, 2021 · Bitcoin Crashed 87% on Binance’s U.S. Exchange Due to Algo Bug Biggest cryptocurrency traded as low as $8,200 in a flash Problem with trader’s algorithm has been …

bloomberg.com

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Bitcoin Briefly Crashes By 87% On Binance's US Exchange Due To ...

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Oct 22, 2021 · The plunge occurred at 7.34am New York time (7.34pm Singapore time), according to the Binance.US website. Volume on the exchange in that minute was 592.8 …

straitstimes.com

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Bitcoin Price Flash Crash On Binance US Sees BTC Drop 87

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Oct 22, 2021 · Bitcoin price suffers 87% fall due to a bug. Bitcoin price rapidly dropped 87% on the Binance US exchange on October 21, as BTC reached a low of $8,200 from approximately …

fxstreet.com

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Bitcoin Crashed 87% On Binance's U.S. Exchange Due To Algo Bug

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Oct 22, 2021 · Business Bitcoin Crashed 87% On Binance's U.S. Exchange Due To Algo Bug. ADVERTISEMENT. Bitcoin Crashed 87% On Binance's U.S. Exchange Due To Algo Bug. …

ndtvprofit.com

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Bitcoin Crashed 87% On Binance's U.S. Exchange Due To Algo Bug

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Oct 21, 2021 · 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 …

fa-mag.com

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Algorithm Bug Crashes Bitcoin To $8,200 On Binance.US

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Oct 22, 2021 · A bug on the Binance.US exchange saw the price of bitcoin flash crash to approximately $8,200. The issue appears to be resolved but highlights the issues that can …

beincrypto.com

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Bitcoin Flash Crash On Binance US Caused By Algorithm 'Bug', Says …

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Oct 21, 2021 · Though Bitcoin is trading for over $60,000 on every major exchange, it reached the $8,200 mark on Binance US before quickly heading back to the "right" price. “One of our …

decrypt.co

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Flash Crash Briefly Causes Bitcoin Price To Plummet 87% On …

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Oct 23, 2021 · A flash-crash triggered a sharp drop in Bitcoin’s value on the Binance.US trading platform, causing an abrupt 87% devaluation in the price of the leading crypto asset. On …

dailyhodl.com

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Bitcoin's Price Crashed 87% On A Major Exchange Thanks To A Bug

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Oct 21, 2021 · Bitcoin is more valuable than ever, but a bug in a trading algorithm sent BTC tumbling from $67,000 to $8,200 on Thursday morning on Binance.US.

vice.com

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Bitcoin Price Flash Crash On Binance.US Attributed To Trader …

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Oct 21, 2021 · The cryptocurrency exchange says a trading algorithm bug caused the brief 87% price crash. The cryptocurrency exchange says a trading algorithm bug caused the brief 87% …

coindesk.com

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Bitcoin Price Flash Crashes By 87% To $8K On Binance.US

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Oct 21, 2021 · BTC/USD “crashes” 87% on Binance’s U.S. platform, drawing irritation from traders who criticized order book depth. Bitcoin crashed to just $8,100 on Oct. 21 — but only if …

bitcoininsider.org

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BinanceUS Blamed The 87% Bitcoin Flash Crash On Algorithm Bug

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Oct 22, 2021 · A day after the massive 87% flash crash on its trading platform, Binance US has blamed it on an algorithm bug. Getting your audio player ready... The US branch of the leading …

cryptopotato.com

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Algorithm Bug Crashes Bitcoin To $8,200 On Binance.US

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Oct 22, 2021 · The price of bitcoin crashed by 87% on Binance.US, the U.S. arm of the exchange, due to an algorithm bug, Binance confirmed. The incident lasted only a short while, and it was …

cryptonews.net

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Bitcoin Dropped 87% On Binance US Due To Algo Bug

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Oct 22, 2021 · Bitcoin’s sudden dip in its value due to Algorithm Bug dragged it to as low as $8,200 on Binance U.S. trade exchange.

cryptotimes.io

FAQs about Bitcoin Crashed 87% on Binance’s U.S. Exchange Due to Algo Bug Coupon?

What happened to BTC & Binance US?

While BTC dropped to roughly $62,000 on most exchanges, traders on Binance US witnessed a flash crash of 87%. Bitcoin price rapidly dropped 87% on the Binance US exchange on October 21, as BTC reached a low of $8,200 from approximately $65,000, while the leading cryptocurrency’s price remained above $60,000 on other exchanges. ...

What triggered a sharp drop in bitcoin's value on Binance?

A flash-crash triggered a sharp drop in Bitcoin’s value on the Binance.US trading platform, causing an abrupt 87% devaluation in the price of the leading crypto asset. On October 21st, the price of Bitcoin briefly tumbled to a low of $8,200 from $65,952 on Binance.US, the arm of global crypto exchange Binance in the United States. ...

Why did BTC fall 80% on Binance?

Following Bitcoin price all-time high earlier this week, Binance US traders witnessed BTC fall by over 80% on the trading platform. The American arm of the leading crypto exchange explained that the flash crash was due to an error in the trading algorithm. Bitcoin price reached a low of $8,200 before resuming trading at the correct price. ...

What happened to bitcoin in October?

On October 21st, the price of Bitcoin briefly tumbled to a low of $8,200 from $65,952 on Binance.US, the arm of global crypto exchange Binance in the United States. Within five minutes, the value of the crypto surged back up to $65,000, negating all the losses from the massive sell-off. ...

How much money did BTC exchange during the crash?

Data from Binance.US shows that over 594 BTC exchanged hands during the crash, worth over $36 million at time of writing. The price of Bitcoin did not suddenly nosedive on other cryptocurrency exchange platforms that day, according to Bloomberg. ...

What time did bitcoin plunge?

The plunge occurred at 7:34 a.m. New York time, according to the Binance.US website. Volume on the exchange in that minute was 592.8 Bitcoin, which are worth just shy of $40 million at current prevailing prices. ...