The Bitcoin exchange rate experienced a sharp drop this Wednesday. Within four minutes, the price of the leading cryptocurrency dropped from $ 7,900 to $ 7,500, after it did not hold above $ 8,000 in the first half of the day. Over the past 24 hours, the decline has amounted to about 8%.
The last time Bitcoin (BTC) was trading at these levels in early June – then its rate went up.
Together with bitcoin, the wider cryptocurrency market also rushed down. Losses of most altcoins are within comparable limits.
The data from the skew portal indicate that the volume of liquidations on BitMEX exchange Bitcoin contracts over the past hour amounted to $ 188 million.
As in the case of sharp market movements in the past, users report interruptions on cryptocurrency exchanges . In particular, access problems were observed on Binance . Previously, Binance increased the margin size of the leverage for its Bitcoin futures to 125x.
Meanwhile, a new record volume of Bitcoin futures trading at 296 BTC was recorded on the Bakkt platform. The previous high was 224 BTC.
Publication date 10/24/2019
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