PYUSD/USDT on OKX Surges to $5 Before Correcting to $1.4, Highlighting Market Volatility

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PYUSD/USDT on OKX Surges to $5 Before Correcting to $1.4, Highlighting Market Volatility The PYUSD/USDT trading pair on OKX experienced extreme volatility, surging briefly to 5 USDT before correcting back to 1.4 USDT, according to Odaily Planet Daily.

Low Liquidity: Thin order books can lead to significant price fluctuations if large orders are placed in a short period, causing price imbalances.

The recent surge of PYUSD/USDT on OKX to 5 USDT before dropping to 1.4 USDT demonstrates the volatility that can occur even with stablecoins in the cryptocurrency market.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaMali

Topics: Crypto News PYUSD/USDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 04:12:01 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 366 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22892086

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 11 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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