Bitcoin price plummets to $ 8,200 on Binance.US

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The bitcoin rate fell sharply in the market of the American division of the Binance exchange during trading on Thursday.

After 14:30 Moscow time, the price of the cryptocurrency paired with the dollar on Binance.US fell 88% from $ 65,760 to $ 8,200 within a few seconds. A decrease at the same time occurred on other exchanges, but on a smaller scale. In most cases, the pullback was limited to $ 64,200.

Ether managed to set a new all-time high at $ 4,366 before falling along with bitcoin to around $ 3,800. Markets recovered quickly, but overall remain slightly lower than they were before.

The sharp decline in Bitcoin on Binance.US triggered a sale at a market price of 575 BTC, which significantly exceeds the volume of applications during the rest of the time. Earlier today, the price of bitcoin has already dropped twice to the level of $ 64,000. On Wednesday, the cryptocurrency reached a new all-time high of about $ 67,000.

“BTC is testing the previous all-time high as support,” said the analytical platform Eight. “If we bounce from here, look at $ 75,000, $ 87,000 and $ 96,000.”

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