Market

The Robinhood app crashed yesterday as Bitcoin price plummeted. Many traders were upset because orders were not being filled

Traders on Robinhood were confused by the steep discount in Bitcoin’s price on the investment app last night.

Last night, users were able to place orders to buy Bitcoin at around $34,500 – roughly $4,100 below the prevailing market price of $38,600 at press time. However, according to a person familiar with the situation, none of those orders ended up being carried out.

Robinhood then post Office a statement on Twitter explaining that the app “experienced a temporary issue resulting in an incorrect display price for cryptocurrencies for one hour at 9:50 a.m. KST (6:50 p.m. PT. 24/2). “.

The issue has since been resolved, but clients who attempted to execute trades during this time still had open orders.

Twitter users were quick to point out the sudden and inexplicable drop in Robinhood’s bitcoin prices compared to the prices of other crypto apps and exchanges, with some also expressing anger that their order was not filled.

https://twitter.com/YeahOkayManNFT/status/1497043727243563009?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Big Money Is Back in the Market: Here Are 3 Tokens They Are Heavily Buying

Major investors are heavily purchasing specific tokens they think have great development potential when huge…

14 mins ago

Your Guide to the Best Presale Cryptos to Buy in November 2024, Qubetics, Filecoin, and Litecoin Comparison

Crypto is still shaking up the financial world, and the latest players in this space…

60 mins ago

$115M Success Story – Once an Underdog Here’s How BlockDAG Has Gone a Leg Up Against Archrival Kaspa

Discover why BlockDAG (BDAG) is emerging as a strong competitor to Kaspa (KAS) with its…

2 hours ago

BitMart’s Customer-Centric Vision: Growing with Purpose

With financial inclusion and customer-first on top of mind, founded in 2018, BitMart is a…

2 hours ago

Why Do Analysts Believe This is the Best Crypto to Join Right Now? Top Coins Set to Explode!

Finding the best crypto to join right now can feel like searching for a gem…

3 hours ago

Solana Optimistic Network Unveils Exciting SOON Testnet for Public Trials

In a release on the X platform, SOON—Solana Optimistic Network, a premium Rollup stack project—announced…

3 hours ago

This website uses cookies.