Bitcoin squatted to $1,700 in 15 minutes, and Coinbase and other platforms were paralyzed for a time

According to data provided by qkl123.com, the price of Bitcoin surged to a high of $13,965 around 3 a.m. today, and then fell by more than $1,700 in 15 days. Affected by this, the cryptocurrency exchange Coinbase reported that its website and API could not operate normally.

(Data from: qkl123.com)

According to Coinbase’s status page, the exchange reported significant outages on its website, mobile app, and API, although its internal systems appeared to be functioning normally during this period. In an interview with the media, a Coinbase spokesperson said:

“We have recovered, we have implemented the fixes, and we are monitoring the results.”

It is reported that during the same time period, trading app Robinhood also reported problems with its crypto trading service. The platform was inaccessible on both mobile and desktop browsers around 20:45 UTC.

As of press time, the market price of Bitcoin has recovered to $12,893.