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Coinbase Goes Down Again as Bitcoin Price Action, Volatility Heat Up Again
Coinbase is experiencing another outage of its website and mobile apps.
Updated Sep 14, 2021, 10:35 a.m. Published Nov 26, 2020, 2:21 p.m.
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Coinbase is experiencing another outage of its website and mobile apps, a reoccurrence of a problem that seems to plague the leading cryptocurrency exchange whenever bitcoin's price and volume spike.
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We are currently investigating connectivity issues on Coinbase and Coinbase Pro. We're working quickly to implement a fix and we'll send an update as soon as it's resolved. https://t.co/SsT87hfqmG
— Coinbase Support (@CoinbaseSupport) November 26, 2020
This comes on the heels of issues yesterday that affected Coinbase and a large swath of the internet when cloud provider AWS experienced outages. As other sites are also still reporting issues, it's possible Coinbase's problems are still being caused by the AWS troubles.
Coinbase has suffered a number of outages during busy trading periods this year including most recently on Nov. 16. The most recent outage comes as bitcoin is down 11.54% to $17,120 at press time.
UPDATE: 11/26/20 15:06 UTC: Updated with reasons for outage.
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Bitcoin sinks below $66,000 as crypto prices follow U.S. stocks lower
Coinbase and Robinhood are down big again today as the crypto bear market pressures trading volumes.
What to know:
- Crypto prices are lower across the board on Thursday, with today's negative catalyst appearing to be a sharp decline in U.S. stocks.
- Bitcoin has lost the $66,000 level, and ether has fallen to $1,900.
- Coinbase (COIN) and Robinhood (HOOD) are leading to the downside as the crypto slump pressures trading volumes.
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