Bitcoin Briefly Tanks to $8K on Binance.US

Bitcoin Briefly Tanks to $8K on Binance.US

Bitcoin, the largest cryptocurrency by market capitalization, has tanked the $8,200 level on the Binance.U.S. exchange before recovering within seconds.

Abnormal volatility has also been observed on the Kraken exchange where Bitcoin briefly dropped to the $54,000 level. The benchmark cryptocurrency is trading at the $64,500 level on major spot exchanges.

Bitcoin reached a new all-time high on Oct. 20 but it has since shed some gains. Binance.U.S was launched in late 2019 as an offshoot of the Binance exchange.

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