BTC Price News: plunges to $24,000 on Binance against USD1

BTC Price News: plunges to $24,000 on Binance against USD1

Such sudden price changes are often due to thin liquidity and can be exacerbated by fewer active traders during quieter hours.

Bitcoin Drops to $24k on Binance

Leveraged crypto positions are risky, and slight price movements are chaotic for the traders. Bitcoin has been showing insane volatility, but recently, in a flash crash, the price dramatically dropped to $24,000 on the Binance crypto exchange. The move was followed by a quick recovery, back to $87,000. The insane, volatile move was limited to a newly established trading pair, BTC/USD1. Though we still don’t have any official explanation for this…

Bitcoin/USD1 Crashes Below $25,000 On Binance

Crypto traders were jolted on Christmas Day when Bitcoin charts flashed an eye‑watering price drop below $25,000 — only to snap back to around $87,000 within seconds. While the visuals suggested chaos, the event was confined to a niche trading pair and did not reflect broader market weakness. As reported by Max Crypto on X, the plunge occurred on Binance’s BTC/USD1 pair, where Bitcoin briefly touched $24,111 before recovering almost immediately.…

Bitcoin’s $24,000 Flash Crash on Binance: Risks Explained - Invest In Crypto News

The BTC/USD1 trading pair on Binance experienced a brief flash crash. Bitcoin plunged to $24,000 before quickly recovering. The incident did not affect Bitcoin prices on major pairs such as BTC/USDT. However, it highlighted liquidity risks in newly launched trading pairs. Sponsored BTC/USD1 crash to $24,000 exposes low-liquidity risks According to market data from Binance, the incident lasted only a few seconds. The BTC/USD1 price later stabiliz…

Bitcoin Flash Crashes to 2023 Lows of $24K on Binance: Details

Bitcoin experienced a brief spike in volatility on December 24, when its price unexpectedly revisited levels last seen in 2023.