The recent sudden drop of Bitcoin price to zero on the MEXC exchange has caused panic in the crypto community. However, Bitcoin remains stable on other platforms.
Unusual Bitcoin Price Drop on MEXC
Bitcoin price flashed down to $0 on the MEXC crypto exchange in a matter of seconds. Prior to this, about 415 BTC had been traded on the platform in one hour. This drop raised eyebrows among analysts and traders.
Situation on Other Exchanges
Despite the sharp decline on MEXC, Bitcoin price remains steady on other exchanges and data aggregation platforms. Currently, it holds above the $100,000 level, which serves as significant support.
Future Price Movement Prospects
Analysts point to a potential rebound for Bitcoin towards the $106,000 level soon. According to CoinMarketCap data, at press time, Bitcoin priced at $103,918.53.
While the drop of Bitcoin to zero on MEXC has caused confusion, the situation on other exchanges demonstrates its resilience. The future price movement of Bitcoin remains uncertain, and markets are watching closely for further changes.
