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Binance's Trading Halt Sends Bitcoin on a Wild Ride.

1 min read
Source: Kitco NEWS
TL;DR

Binance, the world's largest cryptocurrency exchange, suspended all trading, deposits, and withdrawals due to a bug on a trailing stop order. The shutdown immediately impacted Bitcoin, with prices dropping from $28,055 to $27,541 within minutes. CEO Changpeng Zhao reassured traders that all funds were safe and trading was expected to resume within two hours. Trading resumed at 10 am EDT, with trailing stop order functionality temporarily suspended until further notice.

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

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