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Binance.US’ Bitcoin price shows significant divergence Binance.US’ Bitcoin price shows significant divergence James Van Straten · 1 year ago
Insights Bitcoin

Binance.US’ Bitcoin price shows significant divergence

The Bitcoin price on Binance U.S. has diverged significantly, its up 5% on the day.

James Van Straten / @jvs_btc / Jun. 7, 2023 at 3:18 pm UTC

Quick Take

  • After the SEC sued Binance on Monday, Binance users started withdrawing coins from the exchange.
  • Late last night, the price of Bitcoin on Binance U.S. started to diverge from BTCUSD on Coinbase.
  • Currently, the price is at $28,500, which suggests the price is up almost 5% today, while the BTCUSD price is -1.62% today at $26,779.
BTCUSD: (Source: TV)
BTCUSD: (Source: TV)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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In this insight

Bitcoin BTC (24h)
$98,524.18 +0.61%
Vol: $94.24B MCap: $1.95T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

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Binance.US

Exchange Company in North America

Binance.US will provide secure and reliable cryptocurrency trading to users in the United States.

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