Hey ninjas, how’s the trading going? In the last 24 hours the largest and most popular cryptocurrency experienced a sudden dip in its price, BTC went down $500 in minutes. BTC is currently trading at $10,181 and is up 2.81% on the day at press time.
The majority of the top 20 cryptocurrencies are reporting gains on the day. Top coins like Ethereum and XRP are trading at $217 and $0.29 respectively.
Alleged pyramid scheme Atlas Quantum (Brazilian cryptocurrency exchange) reportedly rejected the deadline given by the court to resolve its delayed Bitcoin withdrawals.
On the 17th of September, Atlas Quantum bank accounts and company assets were frozen after the federal court of Brazil ruled that its activities may be part of a pyramid scheme.
On the 18th of September, Atlas Quantum responded to the court ruling stating that there is no actual deadline which requires them to resolve the issues of late withdrawals.
The crypto exchange spoke further on the court ruling, stating that they do now agree with the court and they are more focused on resolving the withdrawal issues. Rodrigo Marques, the company CEO also recorded a video attempting to curb the withdrawal crisis.