Bitcoin (BTC) Jumped to $100,000 on Binance Futures

There have been several predictions that see Bitcoin hitting a six-digit figure. On Sunday, this became a reality, very briefly, thanks to an algorithm.

Bitcoin futures topped at $99,964 on Binance over the weekend.

As Binance CEO Changpeng Zhao said, this was just “another day in crypto.”

“We do have price band protection, but a user’s algo went ballistic and sent multiple orders to achieve this. We will likely have to adjust this chart a bit so that it’s readable in the future,” he said.

This might not be real this time, but some bitcoin enthusiasts are hopeful that this bull season will bring us $100,000.

The anomaly that happened on Sunday saw the price of bitcoin crashing about 12% after it surpassed $12,000. However, the digital asset is back trading above $11,000.

Meanwhile, Bitcoin September futures are trading between $11,450 to $11,550, at a premium to spot prices.

“Cash and carry with bitcoin futures now yields 25%. September futures trade at a significant premium to spot, including on CME,” noted skew. “The industry is historically crypto rich and fiat poor, it seems USD are still challenging to source and will likely drive borrowing rates higher.”

Bitcoin (BTC) Live Price

1 BTC/USD =$10,690.0646 change ~ 0.49%

Coin Market Cap

$197.66 Billion

24 Hour Volume

$108.67 Billion

24 Hour VWAP

$10.68 K

24 Hour Change

$51.9933

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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