The rate of the first cryptocurrency fell to $8900 on the BitMEX cryptocurrency exchange. Blockchain Daily explained that this was due to an “unscrupulous seller” selling 400 BTC on the spot market.
🚨BREAKING: A ROGUE SELLER ON BITMEX BTC SPOT MARKET RAPIDLY SOLD OVER 400 BTC BRINGING THE PRICE TO AS LOW AS $8,900 pic.twitter.com/HKxhdxmsu9
— Blockchain Daily (@blckchaindaily) March 19, 2024
BitMEX responded to the sharp drop in the price of Bitcoin. The project team stated:
The company added that this does not affect the futures market or the price of contracts paired with XBT. According to BitMEX, the platform is operating as usual and all funds are secure.
Note that one of the users X (formerly Twitter) believesthat it was “a complete manipulation to liquidate everyone and fill buy orders for less than $10,000.” He added that the exchange apparently made a billion dollars from this scam.
On the night of March 19, 2024, the price of Bitcoin dropped below $64,000. At the time of writing, the first cryptocurrency is trading near $63,200:
Source: Cryptocurrency
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