This Brazilian Investor Just Accidentally Bought Bitcoin at $20,000

Each crypto investor’s worst nightmare got here true for one Brazilian dealer, who by accident purchased bitcoin at an enormous premium.

At one level, he purchased zero.0047 BTC for 340 Brazilian reals, price about $91. At press time, mentioned quantity of bitcoin is price lower than $15 on different exchanges, that means at the speed he paid for a full bitcoin would’ve value him the equal of over $19,400.

TemBTC's order book

Based on native information outlet Portal do Bitcoin, a possible rationalization for what occurred was the dealer positioned a big market order, which “cleaned” the platform’s thinly-traded order e book. | Supply: Portal do Bitcoin

The cryptocurrency dealer positioned his purchase order on an area change known as TemBTC, which isn’t among the many largest platforms in Brazil. Based on native information outlet Portal do Bitcoin, a possible rationalization for what occurred was the dealer positioned a big market order, which “cleaned” the platform’s thinly-traded order e book. Obtainable data present some bitcoin was additionally purchased for $16,000, $13,000, and $10,000 earlier than reaching the $19,000 peak.

Learn the total story on CCN.com.

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