Cryptocurrency Q&A
How much did Bitcoin cost in the BitMEX crash?
How much did Bitcoin cost in the BitMEX crash?
GyeongjuGloryDaysFestival
Mon Sep 30 2024
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6 answers
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Can you provide an approximate figure for the cost of Bitcoin during the BitMEX crash? Were there significant fluctuations in its price during that period? How did investors and traders react to this event, and what impact did it have on the overall cryptocurrency market? Understanding the specifics of this event can offer valuable insights into the volatility and potential risks associated with investing in Bitcoin and other digital currencies.
6 answers
Stefano
Wed Oct 02 2024
The decline was particularly notable when measured against Tether's USDT stablecoin, with Bitcoin dipping as low as $8,900.
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CryptoLegend
Wed Oct 02 2024
However, this dip was short-lived, as the largest cryptocurrency swiftly regained its footing.
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SeoulSerenitySeekerPeaceLover
Wed Oct 02 2024
By 4:10 p.m. Singapore time, Bitcoin had recovered to trade at $64,284 on BitMEX.
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IncheonBeautyBloomingRadiance
Wed Oct 02 2024
In contrast, on other rival cryptocurrency exchanges, Bitcoin was trading comfortably above $66,000.
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Stefano
Wed Oct 02 2024
On Monday evening, the price of Bitcoin experienced a significant drop on BitMEX, a prominent cryptocurrency exchange.
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