Binance faced a record load amid a sharp fall in Bitcoin prices

Some users of the largest in terms of trading cryptobirnage Binance may have experienced delays in the operation of the interface during yesterday's sharp fall in cryptocurrency prices.

I’m seen during the auto scaling system. Still improving.

– CZ Binance (@cz_binance) 24 February 2013 p.

“We noticed a record load on the trading system about an hour ago. Some users could sense the delay in the operation of the interface during the automatic scaling of the system , ”wrote the head of Binance Changpeng Zhao.

A Twitter user called Crypto Lover complained that he had to incur losses due to problems with the exchange. In response, CryptoGringo wrote to him that it is better to place orders before a surge in trading volumes.

Always wise to set orders before volume spikes. You want to close a position

– CryptoGringo (@gringo_crypto) 24 February 2019 p.

Yesterday, February 24, the total volume of exchange cryptocurrency trading updated the annual maximum.

Data: CoinMarketCap

Approximately at this level the turnover of the exchanges was in the second half of January 2018, when the market capitalization was at the maximum values, and bitcoin was trading much higher than now.

Interestingly, the stablebetin Tether USD (USDT) exceeded the bitcoin trading volume:

Data: CoinMarketCap

Yesterday, February 24, Bitcoin was trading above $ 4,100, but soon its price, without any fundamental reason, fell sharply to marks below $ 3,800. The fall of the first cryptocurrency attracted the Altcoins, many of which sagged more than 10%:

Data: CoinMarketCap

Earlier, BlockchainJournal has published material on how to survive a cryptoinvestor in a bear market.

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