The broader cryptocurrency market saw a considerable recovery over the past hours following yesterday’s bloodbath that came in response to Russia invading Ukraine. Bitcoin managed to recover about $4,000 of its value, but it appears that popular retail trading platform Robinhood went through some challenges in this regard.
- Several people took it to Twitter today to reveal that the price of bitcoin flash-crashed towards $35K on the popular retail trading platform Robinhood.
Wtf is going on with #Bitcoin on Robinhood? pic.twitter.com/ELYmG3PyBm
— Nebraskangooner (@Nebraskangooner) February 25, 2022
- This came as a surprise to many because, at the same time, BTC was trading above $38K on all cryptocurrency exchanges, painting a gap of roughly 10%. Some people even started considering arbitrage opportunities, but the discrepancy was quickly resolved.
- Robinhood’s official support account on Twitter revealed that the issue was simply an “incorrect display price” and that it went on for about an hour:
The Robinhood app experienced a temproary issue that led to an incorrect display price for crypto for an hour at 6:50 pm PT. The issue is now resolved. Some customers may have unfilled market orders due to this display issue. We apologize for any inconvenience caused.
- &
- 000
- About
- Account
- AI
- All
- app
- arbitrage
- binance
- Binance Futures
- Bitcoin
- border
- BTC
- caused
- challenges
- code
- content
- crypto
- cryptocurrency
- Cryptocurrency Exchanges
- cryptocurrency market
- Customers
- Display
- Exchanges
- Exclusive
- experienced
- Fees
- First
- following
- Free
- Futures
- gap
- going
- HTTPS
- issue
- IT
- Led
- Market
- offer
- official
- opportunities
- orders
- painting
- People
- platform
- Popular
- price
- quickly
- Reading
- receive
- Recover
- recovery
- register
- response
- retail
- Robinhood
- Russia
- Share
- Sponsored
- started
- support
- surprise
- Through
- time
- today
- Trading
- Ukraine
- value
More from CryptoPotato
Flow Secures $3M Seed Funding To Build A Rollup Centric NFT Ecosystem
Source Node: 2068960
Time Stamp: Apr 23, 2023
SoftBank-Backed Startup to Offer Crypto Trading (CNBC Report)
Source Node: 1168856
Time Stamp: Feb 8, 2022
Market in Shambles as FTX Withdrawal Uncertainty Runs Rampant
Source Node: 1748073
Time Stamp: Nov 8, 2022
Bitcoin (BTC) Is Approaching a Turning Point After Extending Rally Beyond $47k
Source Node: 2475057
Time Stamp: Feb 9, 2024
Venture Firm Raises $350 Million to Double Down on Its Cryptocurrency Involvement
Source Node: 1076182
Time Stamp: Sep 15, 2021
Puma Launches Its First Metaverse Experience With NFT Shoes. Can It Compete Against Nike?
Source Node: 1657393
Time Stamp: Sep 8, 2022
Russian Ruble Tanks, Oil Prices Soar on EU and US Embargo Talks
Source Node: 1203235
Time Stamp: Mar 7, 2022
GoCrypto Partners with Binance Pay to Bring Crypto Payments Closer for Everyday Use
Source Node: 1063897
Time Stamp: Sep 9, 2021
JP Morgan Analyst Calls on Fed to Stop Hiking Interest Rates
Source Node: 1894274
Time Stamp: Jan 13, 2023
Huobi Will Support Crypto-Fiat Operations in Latin America
Source Node: 1051769
Time Stamp: Aug 21, 2021
Hackers Compromise The Youtube Channel of The South Korean Government To Promote a Crypto Scam
Source Node: 1652042
Time Stamp: Sep 4, 2022
US Prosecutors: BitMEX Co-Founder Arthur Hayes Deserves More Than a Year in Prison
Source Node: 1307282
Time Stamp: May 13, 2022