The rest of the crypto crew joins in on the rally As Bitcoin hits its highest price on record on Wednesday, so the rest of the crypto crew has joined in on the fun, taking the market’s value up past $2.7 trillion for the first time. Crypto traders were less than impressed, with one commenting:

The exchange said the momentary crash was because of a bug in an institutional trader’s algorithm and said the problem had been fixed, but Binance chief executive Changpeng Zhao warned to expect high volatility in the coming months nonetheless.

Though it was just Binance affected, the price of Bitcoin took a hit on Thursday and tumbled 5.71% after a four day rally, and took Ethereum ( ETHUSD) down with it as the second-largest crypto lost 2.59% after sinking 11% in one minute along with Bitcoin. It was only Binance that was affected, with other exchanges showing a low of just above $64k in that same one minute slot.

A client’s trading algorithm blooper sent Binance into a flurry on Thursday after Bitcoin’s price briefly plummeted 87% to just above $8k on Binance U.S., just after hitting its record high of over $67k on Tuesday. Binance sees a crypto flash crash, warns of volatility ahead After a Bitcoin flash crash on crypto exchange Binance on Thursday, its CEO warns of more volatility ahead.

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