Bitcoin briefly trades at $24,000 on Binance’s USD1 pair in flash move

Such sudden price changes are often due to thin liquidity and can be exacerbated by fewer active traders during quieter hours. What to know : Bitcoin briefly dropped to $24,111 on Binance's BTC/USD1 pair before quickly rebounding above $87,000. The price fluctuation was isolated to a stablecoin pair backed by World Liberty Financial and did not affect other major BTC pairs. Such sudden price changes are often due to thin liquidity and can be exacerbated by fewer active traders during quieter hours.