Bitcoin temporarily surged to as much as $138,000 on crypto exchange Binance.US earlier today in a sudden price wick on the btc/tether trading pair, exchange data shows.
Prices shot up to those levels for a few seconds at 6:50 a.m. UTC before immediately reverting to parity with other bitcoin spot markets. Other trading pairs for bitcoin traded as normal.
The move was unlikely to have been caused by a trader wanting to pay a nearly 450% premium for #bitcoin , which currently exchanges hands for just over $29,000 in European morning hours on Wednesday.
BITCOIN Recent Updates.
Bitcoin $BTC surged above $28,000 Tuesday afternoon in the largest short squeeze this month.
The largest cryptocurrency by market capitalization jumped to as high as $28,150 in a few hours after trading flat around $26,800 for most of the day
Traders who positioned for prices to drop lost some $36.6 million in liquidations over the past 24 hours, according to CoinGlass data. This was the largest amount of short liquidations since May 28.
Below 👇 You Can Check the List of Reason Why BTC Pumping
Germany's $1.4 trillion asset manager Deutsche Bank applies for regulatory license to operate #crypto custody service.🤑
Mastercard files trademark application to develop and blockchain software.
International Monetary Fund is developing a digital currency platform to enable transactions between countries🔥
$87 billion asset manager WisdomTree files for spot #Bitcoin-ETF.
UK Parliament Approves #Crypto Regulation Bill
