This was indicated on Reddit by the user u / Traditional-Ebb-8380, where he also posted a screenshot of the executed transaction. In a brief message, he stated: As indicated on the receipt, he bought 1 bitcoin at $ 11,111.00; just at a time when the market’s leading cryptocurrency was trading above $ 65,000 on other exchanges.
In an internal email reported by Cointelegraph, the company noted that “one of our institutional traders indicated that they had an error in their trading algorithm, which appears to have caused the sale.” After a few minutes, the platform pointed out, the operator “fixed the bug” and the problem “appears to have been resolved.”
After the fund’s first day of trading, Bitcoin broke the all-time highs last April, now targeting $ 67,000, according to some traders. However, according to experts at JPMorgan (NYSE: NYSE: JPM), the rise of the digital currency is not due to the ETF, but to the new role of Bitcoin as an “inflation hedge”.
In fact, at the moment Bitcoin registers a retracement and is about to pierce the floor of $ 60,000. The market estimated that this would be the new floor but that it would continue on the upward path.
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
