Replying to Avatar Shire

$350 difference between Coinbase and Binance bitcoin prices. I've seen others mention larger differences with Gemini.

Is this because they're not all connected via Silvergate now?

🤔
Avatar
Bourbonic Plague 2y ago

Pretty sure the various stable coins are all disconnected from reality since many aren’t being traded over the weekend and that has distorted the various markets.

But I’m looking forward to someone who has been watching this closely do a deep dive to explain to us all exactly what happened.

Reply to this note

Please Login to reply.

Discussion

Avatar
Shire 2y ago

Doesn't seem to be accounted for by the current USDC depeg rate. Hmm.

Same. Looking forward to post-mortems once things calm down. Although maybe there will be more to analyse.

Avatar
Bourbonic Plague 2y ago

Yeah, I hadn’t looked at the stables for about 24 hours and it looks like the recovered a bunch since then. Fascinating to see how the casinos breakdown when SHTF.