Coinbase, Kraken down as Bitcoin breaks below June low

1 year ago
  • Kraken and Coinbase person some been experiencing connectivity issues successful the past hour.
  • Just earlier 19:00 UTC, Kraken announced that it was investigating reports from users who reportedly had trouble connecting to Kraken some connected desktop and mobile.
  • The contented was inactive being investigated astatine property time.
  • Coinbase noted a akin issue, saying immoderate of its users were incapable to motion successful to their accounts and experienced dilatory loading. The speech managed to place the contented and instrumentality a hole wrong an hour.
  • Connectivity issues the exchanges experienced fueled rumors that the services were down owed to a “bank run.”
  • Bitcoin saw its terms driblet beneath its June low, struggling to scope $18,000 astatine property time. FTT’s crisp driblet dragged the remainder of the marketplace with it, devastating Bitcoin’s terms aft a short-lived pump pushed everything into the green.
  • As antecedently covered by CryptoSlate, FTT’s terms spiked and past tanked connected quality that Binance was intending to get FTX.
  • The speech has been struggling with insolvency rumors for days. FTX admitted decision earlier contiguous saying it required an investment from Binance to lick its liquidity crunch.

The station Coinbase, Kraken down arsenic Bitcoin breaks beneath June low appeared archetypal connected CryptoSlate.

View source