Bitcoin Crash on Dec 24: USD1 Role and Binance's Reaction
Binance's 20% APR USD1 lock offer triggered BTC to USD1 swaps, a brief price dip to $87,000, and USD1 market cap surge beyond $3B on Dec 24.
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Binance's 20% APR USD1 lock offer triggered BTC to USD1 swaps, a brief price dip to $87,000, and USD1 market cap surge beyond $3B on Dec 24.
On December 24, 2025, Bitcoin price on Binance dipped to $24,111 against USD1 stablecoin, then quickly recovered. We analyze the causes and impact of the USD1 promotion.
Binance's BTC/USD1 pair briefly spiked to $24,111 due to a liquidity surge; price quickly returned to market levels. We explain causes and trader risks.