The flash lasted a few seconds.
Bitcoin surged to $138,000 on Binance.US due to a sudden rise in the price of the BTC/Tether trading pair, data from the popular cryptocurrency exchange shows.
The price jumped to these levels for a few seconds yesterday, June 21 at 6:50 am, but then the rate quickly fell to the level of other cryptocurrency exchanges and the market price of bitcoin. According to coindesk, this outbreak may have come amid low liquidity for bitcoin against Tether on Binance.US.
Bitcoin soared to $138,000 on Binance.
Previously, the US Securities and Exchange Commission filed money laundering and market manipulation charges against Binance and its CEO, Changpeng Zhao .
The suspicious jump in the rate has sparked rumors that Binance is using fictitious trading accounts to manipulate the market.
Today, Bitcoin is trading in the $30,000 region.
