Bitcoin Price Falls Sharply as Coinbase Suffers Another Major Outage
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Bitcoin Price Falls Sharply as Coinbase Suffers Another Major Outage
The price of bitcoin is down sharply right now and it appears to be heading to collapse further. The BTC/USD exchange rate stand at just $2120 per bitcoin right now, down from as high as $2500 earlier in the day.
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The most likely reason is that Coinbase is down again and new traders that were attracted to the market by the recent rally are dumping bitcoin out of fear of unknown problems that might be revealed. This has happened before, most recently in May in a similar fashion.
According to ... (read more)
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