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Binance's Trading Halt and Outage Sends Bitcoin on a Wild Ride

1 min read
Source: Yahoo Finance
TL;DR

Bitcoin traded around $28,000 as concerns about financial stability fueled bets that major central banks will need to stop increasing rates amid rising recession anxiety. Binance, the world's largest cryptocurrency exchange, halted all spot trading on its platform due to a technical glitch, but its derivatives platform was unaffected. Other tokens were lower, with Ether down 2.4% and altcoins Cardano and Solana both down around 2.5%.

Topics:businesscryptocurrency#binance#bitcoin#cryptocurrency#cryptocurrency-exchange#financial-stability#trading-halt
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  1. Bitcoin Lingers Near $28,000; Binance is Hit With Trading Halt  Yahoo Finance
  2. Binance Suffers Two-Hour Spot Market Outage Due to Software Bug  CoinDesk
  3. Binance bug halts trading, takes Bitcoin for a wild ride  Kitco NEWS
  4. Daily Crunch: Binance reopens after bug forces platform to suspend spot trading, deposits and withdrawals  TechCrunch
  5. Binance suffers two-hour outage after software glitch  Financial Times

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