Bitcoin saw a sudden move on the Binance platform late Wednesday, with the price dropping to $24,111 on the BTC/USD1 trading pair in a sharp and sudden move, before quickly recovering within seconds to above $87,000, according to trading data on the platform.
This movement was not seen in any of the other major Bitcoin pairs, and was limited to the USD1 pair, a recently launched stablecoin backed by World Liberty Financial, an organization supported by the Trump family. After this anomalous surge, the pair returned to trading near normal market levels.
This exceptional price behavior essentially reflects a temporary glitch in the fine structure of trading, and not a real change in the market valuation of Bitcoin or its overall direction.
