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Bitcoin News Alerts | Daily BTC News

1219: BITCOIN FLASH SPIKES TO $50K ON BINANCE AFTER USD COIN PEG SNAPS!!

Bitcoin News Alerts | Daily BTC News

Justin Verrengia

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 13 March 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

The market frenzy that started with the Silicon Valley Bank collapse is pushing the Bitcoin price higher, with some casualties left behind. The panic caused due to USD Coin’s (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per BTC (the king crypto) albeit for several minutes. The BTC/USDC pair on Binance flash spiked to $50,000 on March 12 around 7:00 pm UTC. The reason for the impulse spike is unknown and was likely due to a “fat finger” trade of a large order. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:04.9

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0:08.9

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0:11.2

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0:13.8

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0:18.5

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0:23.0

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0:28.9

eligibility and fees apply. Good morning and welcome, Crypto fam. We're having a hell of a pump here. I love to see it with Bitcoin up

0:35.9

already about 15% for the day with the entire

0:39.2

crypto mark pumping as a bank runs continue in the United States. Also in today's show, we'll be

0:44.9

discussing the Bitcoin price flash spiking to $50,000 on Binance after the USD coin peg snapped.

0:52.1

Also, as pointed out, Bitcoin recovered from the biggest U.S. bank collapsed since 2008.

0:57.1

In just three days, and we're just getting started.

0:59.6

And quoting Plan B, we do not need the banks.

1:01.9

We do not need on and off ramps.

1:03.7

Just start asking Bitcoin for your products and services.

1:06.7

Just start using products that can be bought with Bitcoin.

1:09.5

Just stop using banks and fiat.

1:12.1

Preach, including Max Kaiser, the high priest of Bitcoin, Bitcoin is an easy 10x from here.

1:17.1

The Fed and Treasury just capitulated, like Walgreens manager, letting all the looters walk away with everything in the store.

...

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