So far bitcoin is the largest crypto by market capitalization; it tanked the $8,200 level on the Binance.US exchange before recovering within seconds. Currently speculations are ongoing whether this extreme volatility was caused by intentional market manipulation or a costly mistake that occurred.
And we all know binance is the world's largest cryptocurrency exchange by trading volume founded in China in 2017, which then partner with a U.S.-based version of its platform called Binance.US in 2019
Same malformation has also been observed on the Kraken exchange where BTC briefly dropped to the $54,000 level.
The current benchmark cryptocurrency is trading at the level of $64,884 on major spot exchanges.
Bitcoin reached a new ATH just above the $57,000 level on Wednesday, with volatility now showing its ugly side will it shed some profits?