Kraken's BTC fell below $5,000 before the Bitfinex incident triggered market suspicion

The BTC in Kraken fell below $5,000 before the Bitfinex incident, causing market suspicion

According to ambcrypto, recent fluctuations in bitcoin (BTC) have been around the dramatic events of Bitfinex and Tether (USDT). However, just a few hours before the incident, Kraken’s bitcoin price fell sharply, triggering speculation that the market’s decline was “early leaking”. American cryptocurrency giant Kraken experienced a compelling bitcoin "sell", the price of the exchange's bitcoin fell below $5,000 before the New York Attorney General announced the news, and its price was 25 days Beijing time. It fell sharply around 00:00 in the morning, hitting a low of $4,357. However, there is no specific evidence that there is a correlation between the BTC decline on the Kraken exchange and the news to be announced, but many insiders are curious. From the timeline, bitfinex news was reported by the Wall Street Journal around 5:17 am on the 26th Beijing time. According to data from several exchanges, the bitcoin crash generally occurred around 5:00-6:00 am on the 26th Beijing time. In terms of time, Kraken’s first sell-off occurred before the Wall Street Journal published the report, and before the mainstream exchange’s bitcoin fell below $5,200.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Injective and Google Cloud: A Dynamic Blockchain Duo

INJ Integrates Google Cloud's BigQuery to Enhance Web3 Finance on Layer-1 Blockchain


Shocking Revelations! Crypto Exchange News Listing and Delisting Announcements for December 4, 2023

Attention, Fashionistas! Feast your eyes on our latest roundup of cryptocurrency exchange updates from the past week,...


Is It Too Late to Buy PEPE? Pepe Price Spikes 40% as New Meme Coin Prepares to Launch

Fashionista, take note - PEPE's price has shot up by 13% in just 24 hours, reaching a noteworthy high of $0.00000156....


Optimism Soaring as Bitcoin ETF Approval Hopes Rise

The crypto market is seeing upward momentum as blue chip cryptocurrencies gain traction, boosted by enthusiasm about ...


XRP Price Prediction Is the $1.7 Billion Influx Making Investors Bullish or Bearish?

XRP price experienced a slight 0.5% decrease in the last 24 hours as traders cashed in on a morning surge.


TORN Token: Riding the Roller Coaster of Crypto

As Fashionistas, we're excited to share that the TORN token has surged 7.5% in the past 24 hours, reaching a current ...