LIVE#Bitcoin.price explodes to $420,000 on #Binance by mistake.
_The price of #Bitcoin (BTC) paired with stablecoin Tether (USDT) on Binance has suddenly increased almost tenfold. According to Chinese journalist Colin Wu, the price of the BTC/USDT perpetual contract on the largest cryptocurrency trading platform Binance jumped from $42,000 to $420,000 on December 29. The former CEO of the platform, Changpeng Zhao CZ, said. The cause was a chart display issue, a similar issue that occurred in September. Later, the Binance team also wrote to X about an error. The developers indicated that they are working to solve the problem and that trading operations are continuing normally and were not affected by the incident.
According to #CoinMarketCapCritique , BTC is now trading at $42,457. Despite the currency price falling by 1.3% within 24 hours. BTC price accidentally rose to $420,000 on Binance for two weeks. Bitcoin price showed no signs of growth with a 0.6% decline during that period. However, throughout the year. The price of Bitcoin has risen by 156% and the market cap of the asset now exceeds $830 billion. Outperforming major stocks like Apple and Meta in terms of year-over-year performance. However, the native cryptocurrency is trading 38% below its all-time high of $68,000. Which I reached in November 2021.
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