Relentless Far East Buying Recovers Bitcoin above $10,800, Coinbase is Back

[kreslik.news]

Buying from Southeast Asia has continued to prop up Bitcoin prices seemingly every other day over the past couple of weeks. Yesterday the market for the most popular cryptocurrency showed traders what a rollercoaster ride looks like. Prices probed above $11,500 only to drop about $3,000 to as low as $8,500.

Volatility was attributed to an outage on the most popular exchange in the US, Coinbase. Starting from 06:31 PST, the company began experiencing ‘performance issues’ due to the humongous traffic that the vaulting of $10,000 generated.

The exchange identified the problem around 07:08 PST and continued working on ... (read more)