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The outage comes after bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new US spot bitcoin exchange-traded products fuelled a price rally in February.
Coinbase felt the immediate impact of inflation after its shares dropped to more than 11% on Oct. 13.
Coinbase's latest outage sends a spark among users as it was inaccessible last Sunday. Traders and users were met with frustration as they try to access their Coinbase wallets and the entire platform as it experienced an outage earlier this Sunday, and people were unable to do anything during this issue.
Leading crypto exchange Coinbase suffered a major outage amid crypto mayhem especially with the cryptocurrency Terra Luna, heightening fears among the investors. 📲 Cryptocurrency Crash: Coinbase Suffers Major Outage, Binance Halts Terra Luna Trading.