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HomeTechnologyBitcoin price momentarily advertised at a significant discount on Robinhood app

Bitcoin price momentarily advertised at a significant discount on Robinhood app

On February 24, Robinhood users were surprised by an apparently substantial decrease in the price of bitcoin on the investing app.

Users were able to submit orders to acquire bitcoin for roughly $34,500 on the evening of February 25, Pacific Time (PT) — around $4,000 less than the current market price of $38,500 at the time of writing.

According to a source, none of those directives have been carried out. Robinhood has subsequently issued a statement through Twitter, stating that 

According to the same statement, the issue has subsequently been addressed, but clients who attempted to execute transactions during that period have been left with unfulfilled orders. However, Twitter users were quick to point out the abrupt and inexplicable drop in Robinhood’s bitcoin quote relative to other crypto applications and exchanges. Some users also expressed frustration that their orders had not been delivered.

Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.
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