The 0.1% ask depth on Binance, a measure of buy-side liquidity, crashed to just 1.2 BTC ($30,000) from 100 BTC as volatility exploded after a false report of BlackRock’s (BLK) spot exchange-traded fund (ETF) approval circulated on social media. The leading cryptocurrency popped 7.5% to $30,000 in a knee-jerk reaction to the rumor, only to give up gains after BlackRock denied the report.
Related posts
-
Top cryptocurrencies to watch this week: BTC, LTC, TRX
The first week of July introduced bearish pressure, leading to massive losses in the crypto market.... -
Two More Sleeping Bitcoin Addresses Wake From Slumber, Moving 1,045 BTC
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since... -
Sleeping BTC Wallets Reactivate, Bitcoin Dips, and More — Week in Review
Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years...