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Coinbase Back Online After Experiencing 'Connectivity Issues'
The homepage of the popular cryptocurrency exchange is currently inaccessible.
Yazan Kevin Reynolds, Zack Voell
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The homepage of leading cryptocurrency exchange Coinbase is now back up after having been inaccessible for hours due to "connectivity issues" on both the website and mobile app.
- The issue appeared on the company's status page Wednesday at 15:32 UTC.
- Six hours after it arose, Coinbase marked the connectivity issue as resolved, per its status page.
- However, Coinbase added another incident notice at 21:05 UTC citing delays with stellar (XLM) withdrawals. The XRP fork has soared nearly 60% in the past 24 hours.
- At 21:04 UTC, Bitstamp also notified its users via Twitter that the exchange is "currently experiencing some delays processing crypto withdrawals."
The story is developing and will be updated as more information is available.
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Bitcoin holds $69,000 as gold tumbles and oil spikes, but one analyst says stay on sidelines
While bitcoin has shown relative strength against gold since the war in Iran broke out, investors are better off holding off "dry powder" while prices swing wildly on headlines, said Wintermute's Bryan Tan.
What to know:
- Bitcoin slipped to $69,000 but held up better than many traditional assets as Middle East tensions and attacks on energy infrastructure rattled global markets.
- Oil prices swung back toward $100 a barrel, stoking renewed inflation fears and expectations that central banks may keep interest rates higher for longer. Meanwhile, gold and silver tumbled to their weakest levels since early February.
- Bitcoin has outperformed gold since the Iran war, but the lack of follow-through above $75,000 suggests investors should remain cautious with dip buying, Wintermute trader Bryan Tan said.
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