{"id":53214,"date":"2021-10-21T21:58:25","date_gmt":"2021-10-21T17:58:25","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=53214"},"modified":"2021-10-21T22:03:50","modified_gmt":"2021-10-21T18:03:50","slug":"bitcoin-temporarily-crashed-87-to-about-8000-on-but-only-on-binance","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-temporarily-crashed-87-to-about-8000-on-but-only-on-binance\/10\/21\/market-updates\/","title":{"rendered":"Bitcoin temporarily crashed 87% to about $8,000 on but only on Binance"},"content":{"rendered":"\n<p>Bitcoin stumbled to $8,200 on Binance&#8217;s trading platform. This temporal decline in the leading cryptocurrency was an 87% fall from $65,815.Binance&#8217;s CEO Changpeng Zhao tweeted: &#8220;Expect very high volatility in #crypto over the next few months.&#8221;<br><br>The coin had been trading around $65,000 when Binance posted a candle that showed the price sank to about $8,000, Cointelegraph first reported, adding that the coin&#8217;s one-minute candle floor on other crypto platforms was about $64,000.<br><br>In an email to Bloomberg, the company said: &#8220;One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off. We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin stumbled to $8,200 on Binance&#8217;s trading platform. This temporal decline in the leading cryptocurrency was an 87% fall from $65,815.Binance&#8217;s CEO Changpeng Zhao tweeted: &#8220;Expect very high volatility in #crypto over the next few months.&#8221;The coin had been trading around $65,000 when Binance posted a candle that showed the price sank to about $8,000, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[7626,6904,7690,7857],"class_list":["post-53214","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-binance","tag-bitcoin","tag-bloomberg","tag-changpeng-zhao"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=53214"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53214\/revisions"}],"predecessor-version":[{"id":53220,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53214\/revisions\/53220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53219"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=53214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=53214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=53214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}