Bitcoin (BTC) was traded at $ 50 thousand, instantly rising 142% above the market on Binance, the world’s largest cryptocurrency exchange.
Binanceyesterday after the stablecoin crisis triggered by the bankruptcy of Silicon Valley Bank bitcoin previously delisted for USDC reopened the pair.
Bitcoin shortly after the USDC pair opened for trading on Binance at 02:23 on 13 March approximate current market price 2.5 times going out from 50 thousand dollars traded. While there is no explanation yet from Binance about this price abnormality in spot transactions, experts have recently in USDC parities seen shallow market conditions stated that this may have caused the situation.
How many Bitcoins from the relevant price level purchase and sale any information about the out of reach at these levels from 1 minute It was observed that the process was performed for a shorter period of time. Also on other major cryptocurrency exchanges BTC/USDC as much as in Binance, specific to the trading pair not being high together with various price deviations appeared to occur.
On the other hand, it lost its stability about 3 days ago. USDChas yet to regain its $1 peg. Coinecko According to data from USDC, at the time of writing At $0.99, Bitcoin whereas from $22,209 is being traded.
