Bitcoin’s Price Drops $1,000 in 30 Minutes and Dips Below $8K, Binance Coin Price Sinks to 6-Month Low and Tether Becomes 4th Largest Crypto
Here is your daily overview of important, interesting and market moving crypto news.
Bitcoin’s price slides $1,000 in 30 minutes and dips below $8K in first since June
Bitcoin tumbled 9 percent in a half-hour on Tuesday 24 Sept., sending prices below $8K, to the lowest price in three months.
The price drop may have been exacerbated by margin calls and contract liquidations on Bitmex.
Binance coin price sinks to 6-month low a day after US version launch
Since reaching an all-time high near $40 on June 22, BNB has been in a downtrend since.
It seems the trouble started when Binance announced that US-based users would be banned from its platform and forced to the regional Binance America version.
Binance Coin fell to $13,80 and is now trading around $15,58.
Tether becomes 4th largest crypto, demonstrating intensity of market blood bath
On Sept. 25, the crypto market experienced one of its steepest falls in recent years as the Bitcoin price abruptly dropped by more than $1,500 in merely hours, sending many cryptocurrency investors to Tether.
According to data published by CoinMarketCap, the daily volume of Tether hit $34 billion, surpassing the daily volume of Bitcoin and Ethereum.
Get to know our team
Give us a call on +31 85 2250 510 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any questions you may have, especially in regards to easily selling your crypto for fiat currencies.
