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Bitmex

All articles tagged with #bitmex

cryptocurrency1 year ago•2 min saved

"Crypto Market Soars: Bitcoin Reclaims $67K, Ether Rebounds, and DOGE Surges"

After a recent dip, Bitcoin has surged back, reclaiming a price of $66,828.32, following a flash crash on BitMex that caused the price to plummet to $8,900. Despite the recovery, Bitcoin funds have seen significant withdrawals, with Grayscale Bitcoin Trust experiencing $1.5 billion worth of outflows this week. BlackRock's iShares Bitcoin Trust could potentially overtake GBTC as the top spot in the spot Bitcoin ETF category in early April.

via Decrypt|

#bitcoin #bitmex #btc

cryptocurrency1 year ago•2 min saved

Bitcoin Flash Crash Triggers Investigation Amid Price Drop

Bitcoin experienced a sudden flash crash on BitMEX, plummeting to as low as $8,900, while remaining steady at around $67,400 on other exchanges. Speculation suggests a large sell order may have triggered the crash, prompting BitMEX to investigate potential misconduct by traders on its Bitcoin-USDT Spot market. The exchange temporarily blocked withdrawals for certain accounts involved in the investigation. Despite BitMEX's assurances that the incident had no impact on the spot and derivatives markets, Bitcoin's current trading price of $63,000 reflects a 7% slump in the last 24 hours, indicating a potential ripple effect in the cryptocurrency market.

via Decrypt|

#bitcoin #bitmex #cryptocurrency