Tl; Dr.
- A low Cap Cryptocurrency made solid winnings after Bithumb said that it will launch trade services with it.
- The company recently received a technical malfunction that paused all activities for more than an hour and a half.
New monthly record
Most of the leading cryptocurrencies have shown little or no substantial movements in the last 24 hours, but some less well -known altcoins have the continuous consolidation.
One of the examples is Euler (Eul), the price of which is pumped by double digits and briefly surpassed $ 13.30. This Marked the highest level that has been observed in the past five weeks, while the valuation withdrew shortly thereafter to the current $ 10.70 (per data from Coingecko).
The main catalyst seems to be The support from one of the largest crypto fairs in South Korea -Bithumb, that announced The list of the EUL/WFD trading savings.
Such a support increases the availability and liquidity of the active and can broaden its investor base. Moreover, it has a stimulating effect on its reputation, which is why the price pump should not come as a surprise.
Strong (strong), His finances (she)And Hyperlane (Hyper) Have also benefited from Bithumb’s support in recent months.
It is important to note that the Korean entity is not the only crypto platform that gives the thumbs to the sign. Mexc Japan stated The Eul/USDT Perpetual contract, which offers up to 20x leverage.
Bithumb’s problems
According to a recent reportThe Crypto exchange experienced a complete business outfit on 2 September, which took about an hour and 40 minutes.
“My thought was that night: Beginners should never go all-in with their money. I just had a taste of hell. One moment felt like an hour. I really hope that nothing so strange will ever happen at Bithumb,” said a user probably.
Such a disruption is not a precedent for the trading location. In November 2017 there was another incident that stopped all operations for about an hour and a half. At the time the disruption was attributed To a sudden peak in trade volume caused by improved price volatility in the cryptomarket.
Rep. Lee their-Seung from the most important opposition employee claimed that the top five of the top five in South Korea suffered a total of 89 system failure between 2018 and 2024. Bithumb leads the road with 41 cases, while Upbit 28 reported.
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