The trader sold 42 thousand bitcoins for $0.18. But this is not accurate

The trader sold 42 thousand bitcoins for $0.18. But this is not accurate

By Kluma | InterestingCrypto | 7 Apr 2020


Users of the Coinbase exchange complained about an abnormal drop in the price of several cryptocurrencies, which in fact was not

The bitcoin exchange rate on Coinbase yesterday fell to $0.18, as reported by the user CaptainScio in his Twitter account. He published a chart of the cryptocurrency, showing that more than 42 thousand BTC were sold at this price.

As the trader suggested, the reason for the fall in the exchange rate of the coin could be a failure caused by an overload of the system. Another user noted that a similar decline occurred with the price of Ethereum.

"I saw it with my own eyes. More than 42,000 BTC was sold for 18 cents. This overload is a serious error for Coinbase, " CaptainScio wrote.

But judging by the schedule of Bitcoin and Ethereum, such transactions did not occur on Coinbase. The crash probably affected individual users, or it didn't happen at all, and the photo was edited.

On March 12, the Link token exchange rate on the Binance exchange fell from $2 to $0.0001. A trader who was lucky enough to buy a significantly cheaper asset earned $22 thousand from each invested dollar. In our previous article, you can read how to predict such abnormal falls.

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