Bitcoin Flash Crashes to $8,000 on Binance.US

Bitcoin Flash Crashes to $8,000 on Binance.US
A representation of the cryptocurrency Bitcoin is placed on a computer motherboard in this illustration taken on June 29, 2021. Dado Ruvic/Illustration/Reuters
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Earlier Thursday, Bitcoin (BTC) flash crashed to $8,000 on Binance U.S., the American trading platform of the world’s top crypto exchange Binance.

According to Binance U.S. market data, the Bitcoin to the U.S. dollar trading pair on Binance U.S. flash crashed within a minute from $65,815 to $8,200. This translates to a drop of 87 percent for the world’s top cryptocurrency on the exchange according to cited market data.