Coinbase crashes as Bitcoin drops more than 10 percent
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Coinbase crashes as Bitcoin drops more than 10 percent
Coinbase stopped working for a short time when the price of bitcoin fell more than 10 percent on Sunday morning.
According to For Coinbase, the platform and its application encountered a technical malfunction that caused no access to user accounts, and the platform stated that it was investigating the matter.
A number of crypto community accounts on Twitter indicated that their accounts on the “Coinbase” platform could not be accessed, in light of the drop in the price of Bitcoin from levels of $ 9,500 to $ 8,100.
The platform returned to work after the bitcoin price stabilized at levels of $ 8,500, and a spokesman for the “Coinbase” platform refused to comment on the malfunction and stated that the team is still monitoring the technical situation.
Read:After the split … more than 30% of Bitcoin miners withdrew
It is worth noting that Coinbase witnessed a similar outage last week when the price of Bitcoin rose by 15 percent, which added to the crypto community’s fears that it was not possible to buy or sell in times of severe price volatility.
The massive Bitcoin sell-off that caused its price to drop by more than 10 percent comes just days before the “Bitcoin Reward Split,” an event that the Bitcoin community anticipates every four years and is debated over the impact of this event on the Bitcoin price.
Read:Ripple expands internationally and opens its first office in Dubai
Read also:
Find out about the earnings of Bitcoin mining during the month of April
Simple explanation of the Bitcoin mining reward split process
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time