@$63305.54 Bitcoin Flash Crashed to $8,200 on Binance.US Crypto Exchange

Bitcoin (BTC) has been retracing from its all-time highs after crossing the $66,000 threshold on Wednesday, but today, it plunged to the $8,200 level on Binance.US, a cryptocurrency exchange, after a flash-crash witnessed in a matter of seconds. However, it’s not clear if it was a market manipulation or a system glitch from the exchange.

Still, other exchanges like Kraken also posted some abnormal and sudden declines in BTC prices, as it also fell to $54,000 before recovering fastly. In addition, social media users spread screenshots of the sudden flash crash seen in Binance.US, with some complaining about losses resulting from the suspected technical issue in the platform.

Yesterday, Bitcoin traded around $67,106. Additionally, the altcoins sphere was favored by the green mood seen across majors, such as Cardano (ADA), which rallied by over 3.65%. On the one hand, Chainlink (LINK) was hovering around $27.20. Moreover, Meme coin Dogecoin (DOGE) soared by over 2.53%, while on the other hand, Litecoin (LTC) saw astonishing gains after rallying over 8.97% in the last 24 hours.