BTC price accidentally soared to $420k on Binance
The price of Bitcoin (BTC) paired with the stablecoin Tether (USDT) on Binance suddenly increased almost tenfold.
According to Chinese journalist Colin Wu, the price of the BTC/USDT perpetual contract on the largest cryptocurrency exchange Binance jumped from $42,000 to $420,000 on Dec. 29.
BTC price accidentally soared to $420k on Binance
The price of Bitcoin (BTC) paired with the stablecoin Tether (USDT) on Binance suddenly increased almost tenfold.
According to Chinese journalist Colin Wu, the price of the BTC/USDT perpetual contract on the largest cryptocurrency exchange Binance jumped from $42,000 to $420,000 on Dec. 29.
The now-former CEO of the platform, Changpeng Zhao, said that the reason was a problem with the display of the graph, a similar problem that occurred in September.
Later, the Binance team also wrote to X about an error. The developers noted that they are working to solve the problem and that trading operations continue as normal and were not affected by the incident.
According to CoinMarketCap, BTC is now trading at $42,457 though in 24 hours trading the price of a single coin has dropped by 1.3%.
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Bitcoin (BTC)
$42,633.00
1.6%
Bitcoin price
Eth
Ethereum (ETH)
$2,312.40
0.85%
Ethereum price
bnb
BNB (BNB)
$317.99
0.11%
BNB price
sol
Solana (SOL)
$104.10
1.71%
Solana price
xrp
XRP (XRP)
$0.62
0.49%
XRP price
shib
Shiba Inu (SHIB)
$0.0000106
0.86%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000013
0.16%
Pepe price
hipp
El Hippo (HIPP)
$0.0000000093880
0.91%
El Hippo price
bonk
Bonk (BONK)
$0.0000143
0.33%
Bonk price
BTC
Bitcoin (BTC)
$42,633.00
1.6%
Bitcoin price
eth
Ethereum (ETH)
$2,312.40
0.85%
Ethereum price
bnb
BNB (BNB)
$317.99
0.11%
BNB price
sol
Solana (SOL)
$104.10
1.71%
Solana price
xrp
XRP (XRP)
$0.62
0.49%
XRP price
shib
Shiba Inu (SHIB)
$0.0000106
0.86%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000013
0.16%
Pepe price
hipp
El Hippo (HIPP)
$0.0000000093880
0.91%
El Hippo price
bonk
Bonk (BONK)
$0.0000143
0.33%
Bonk price
BTC price accidentally soared to $420k on Binance
BTC-price-accidentally-soared-to-420k-on-Binance
By Anna Kharton
December 29, 2023, at 11:49 am
BTC-price-accidentally-soared-to-420k-on-Binance
Edited by Dorian Batycka
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BTC price accidentally soared to $420k on Binance
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The price of Bitcoin (BTC) paired with the stablecoin Tether (USDT) on Binance suddenly increased almost tenfold.
According to Chinese journalist Colin Wu, the price of the BTC/USDT perpetual contract on the largest cryptocurrency exchange Binance jumped from $42,000 to $420,000 on Dec. 29.
The now-former CEO of the platform, Changpeng Zhao, said that the reason was a problem with the display of the graph, a similar problem that occurred in September.
Later, the Binance team also wrote to X about an error. The developers noted that they are working to solve the problem and that trading operations continue as normal and were not affected by the incident.
According to CoinMarketCap, BTC is now trading at $42,457 though in 24 hours trading the price of a single coin has dropped by 1.3%.
For two weeks, the price of Bitcoin has not shown any signs of growth decreasing by 0.6% during that period. However, over the year, the price of BTC increased by 156% and the asset’s market capitalization now exceeds $830 billion beating out major stocks like Apple and Meta in terms of year-on-year performance. Still, the original crypto is trading 38% below its all-time high of $68,000, hit in November 2021.
