Binance Crashes As Bitcoin Surpasses $ 44,000: Here's The Final Situation

 

Bitcoin Surpasses $ 44,000

Binance, the world's leading crypto exchange, faced technical problems after Tesla announced its $ 1.5 billion acquisition of Bitcoin. Bitcoin price exploded last hour after the electric vehicle giant Tesla announced that it purchased $ 1.5 billion in BTC in January. However, the massive volatility and perhaps increased interest caused technical difficulties for the Malta-based exchange Binance.

As moneyonezero.com, we reported today that Elon Musk allocated $ 1.5 billion of BTC in January 2021, according to the form Tesla presented to the US Securities and Exchange Commission. Naturally, such a large asset allocation of one of the world's most powerful companies affected its price. In the minutes that followed, he added nearly $ 6,000 in BTC value. It surpassed an all-time high of $ 42,000 and set a new record of almost $ 45,000.

These developments brought unexpected problems for the leading crypto exchange Binance. The company said on its Twitter account, "We are aware of some temporary problems" and said "our team is working on this problem.