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Coinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network Congestion
The delays come on a day when the price of bitcoin surpassed its all-time high.
Updated Sep 14, 2021, 10:36 a.m. Published Nov 30, 2020, 10:57 p.m.
Leading cryptocurrency exchange Coinbase, on a day when the price of bitcoin reached a new all-time high, said it is experiencing delays processing BTC withdrawals due to Bitcoin network congestion.
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- Deposits, buys and sells are not impacted, the exchange said.
- Coinbase has suffered a number of issues – mainly outages – during busy trading periods this year including most recently on Nov. 26.
- The most recent issue comes as BTC eclipsed its all-time high of $19,783 Monday morning en route to setting a new record of $19,864 before giving back some of those gains, trading at $19,478.89, up 6.90% at press time.
See also: Coinbase Goes Down Again as Bitcoin Price Action, Volatility Heat Up Again
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Bitcoin slides to $86,000 as slower rate cut risk, AI stock woes shake markets
Crypto-related stocks suffered far deeper declines as bitcoin slumped well below its recent trading range.
Що варто знати:
- Bitcoin and major altcoins fell further throughout U.S. trading hours as macro uncertainty continued to pressure risk assets.
- Many crypto-related stocks, including leaders Coinbase and Strategy, posted deeper slumps than crypto itself.
- Wintermute's Jasper De Maere suggested the decline is and should remain orderly.
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