Bitcoin soars overheen $Trio, 000 ter under Trio hours on Coinbase, webpagina down – Business Insider

  • Bitcoin soared to more than $Nineteen,500 a coin from $16,000 on Coinbase’s GDAX exchange te less than three hours on Thursday.
  • Coinbase said its webpagina wasgoed down for some users because of record-high traffic.
  • The price of bitcoin wasgoed all overheen the place on Thursday, with numerous exchanges listing it at drastically different prices.

Bitcoin soared above $Nineteen,500 a coin on Coinbase’s GDAX exchange on Thursday at about 11:30 a.m. ET, three hours after it blew past $16,000.

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The massive rip upward seems to have waterput pressure on Coinbase’s infrastructure &mdash, the exchange said on Twitter that users were experiencing issues logging into their accounts because of record traffic:

Coinbase, the largest verhoging for buying and selling cryptocurrencies ter the US, has experienced several outages spil the price of bitcoin has skyrocketed to fresh highs.

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The exchange wasgoed down for about an hour on Friday, two days after a major system outage kept many users from accessing their bitcoin wallets.

The price of bitcoin on Thursday wasgoed all overheen the place, with various exchanges showcasing significantly different prices &mdash, some more than $1,000 uitsluitend. The immaturity of the bitcoin markets has often created price discrepancies, which would be unheard of elsewhere on Wall Street.

At 12:48 p.m., for example, bitcoin wasgoed trading at $Nineteen,141 a coin on Bithumb, an exchange te South Korea. At the same time, it wasgoed trading at $14,573 on Bitfinex, based te Taiwan.

Cryptocurrency exchanges, which don’t have the industrial infrastructure of traditional exchanges such spil the Fresh York Stock Exchange or the Nasdaq, are under pressure to treat record trading volumes.

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Twenty-four-hour trading volumes reached a record high above $28 billion on Thursday, according to CoinMarketCap, a cryptocurrency gegevens webpagina. To waterput that te setting, $50 billion worth of securities trade on the NYSE during an promedio trading session.

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