Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
- Kraken and Coinbase have both been experiencing connectivity issues in the past hour.
- Just before 19:00 UTC, Kraken announced that it was investigating reports from users who reportedly had difficulty connecting to Kraken both on desktop and mobile.
- The issue was still being investigated at press time.
- Coinbase noted a similar issue, saying some of its users were unable to sign in to their accounts and experienced slow loading. The exchange managed to identify the issue and implement a fix within an hour.
- Connectivity issues the exchanges experienced fueled rumors that the services were down due to a âbank run.â
- Bitcoin saw its price drop below its June low, struggling to reach $18,000 at press time. FTTâs sharp drop dragged the rest of the market with it, devastating Bitcoinâs price after a short-lived pump pushed everything into the green.
- As previously covered by CryptoSlate, FTTâs price spiked and then tanked on news that Binance was intending to acquire FTX.
- The exchange has been struggling with insolvency rumors for days. FTX admitted defeat earlier today saying it required an investment from Binance to solve its liquidity crunch.
The post Coinbase, Kraken down as Bitcoin breaks below June low appeared first on CryptoSlate.
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.