Bitcoin at $138K on Binance US. Why?

The price of Bitcoin has been increasing significantly since last Thursday, when BlackRock applied for a Bitcoin spot ETF. Since hitting a low of $24,819 along with the Tether FUD, the BTC price has risen by over 16% since the BlackRock news was announced. However, this is not the only news related to Bitcoin. Some Binance US users have reported that the Bitcoin price has hit an incredible price of over $138,000 on the exchange. The anomaly was shared on Twitter, and it can only be speculated what happened. The most likely explanation is an internal data glitch, but other reasons such as insufficient liquidity on the exchange are also conceivable. Against the theory of insufficient liquidity speaks the fact that the price is currently no longer displayed on Binance US. Meanwhile, pressure on Binance in the US could continue to mount, even though the US Securities and Exchange Commission (SEC) and Binance US reached a tentative agreement last Friday. At press time, the Bitcoin price was at $28,859, breaking the downtrend that persisted since mid-April this year.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Bastion: Securing Its Spot in the US with Money Transmitter Licenses

Bastion, a newly launched cryptocurrency company founded by ex-employees of Andreessen Horowitz, has obtained two mon...


Coinbase says FTX's crypto liquidation sales are unlikely to cause market shock.

According to the report, the token sales are carefully regulated by volume limits, ensuring that they do not overwhel...


Is a Bitcoin-Based Stablecoin Set to Rival Other Stablecoins in 2024?

CoinShares predicts that in the near future, Bitcoin-based stablecoins will be widely available and could potentially...


KyberSwap: A Comedy of Hacked Fortunes and a Bold Bounty Offer

In response to the recent $47 million KyberSwap hack on November 22, the decentralized exchange protocol is now offer...


Google Cloud adds 11 blockchains to BigQuery

In a positive move, Google Cloud unveiled its extensive collection of public datasets for Bitcoin and Ethereum back i...


Bitcoin Price Swings BTC Rejected at $38,000 Level - A Perfect Time to Scoop Up the Dip?

The latest fashion trend of Bitcoin (BTC) has seen a sharp decline after failing to break through the $38,000 resista...