Tl; DR
- A low capitalization cryptocurrency displayed solid gains after Bithumb said that he would launch the trading services with him.
- More recently, the company has undergone a technical failure that has interrupted all operations for more than an hour and a half.
New monthly file
Most of the leading cryptocurrencies have shown little or no substantial movements in the past 24 hours, but some less known altcoins have challenged current consolidation.
Among the examples, Euler (Eul), whose price pumped two figures and briefly exceeded $ 13.30. This Marked the highest level observed in the past five weeks, while shortly after, the evaluation has been given to current $ 10.70 (according to Coingecko data).
THE main catalyst seems to be Support from one of the largest crypto exchanges in South Korea -Bithumb, which announcement The list of the Eul / Krw trading pair.
Such support increases the availability and liquidity of the assets and can expand its investor base. In addition, it has a stimulating effect on its reputation, which is why the price at prices should not surprise.
Forta (Fort), Huma Finance (Huma)And Hyperlan (hyper) have also benefited in recent months from the support of Bithumb.
It is important to note that the Korean entity is not the only cryptographic platform which gives the chest of the token. Mexc Japan listed The EUL / USDT perpetual contract, providing up to 20x lever.
Bithumb’s problems
According to a recent reportThe Crypto Exchange experienced a complete breakdown of trading services on September 2, which lasted about an hour and 40 minutes.
“My thoughts that the night was: beginners should never go all in their money. I just had a taste of hell. One minute seemed to me an hour. I really hope that nothing strange will happen again in Bithumb,” said a user.
Such a disruption is not a precedent for the location of negotiation. In November 2017, there was another incident that interrupted all operations for about an hour and a half. At the time, the disturbance has been awarded A sudden peak in the volume of negotiation caused by an increase in price volatility on the cryptography market.
The representative Lee Hun-Seung, of the main opposition people, said that the best five southern Korea Crypto exchanges had undergone a total of 89 system failures between 2018 and 2024. Bithumb opened the way with 41 cases, while Upbit reported 28.
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