Express

Coinbase Loses Record High Amount Of Bitcoin After Service Outage

Emily Mason

Summary: On Sunday, June 7 Coinbase users widthdrew a record high amount of BTC. Nassim Taleb, the author of "Black Swan" even quit the exchange, as reported by Cointelegraph. The $214 million worth of BTC widthdrawls came one week after Coinbase experienced a service outage as BTC pushed up against it's resistance level at $10,000, leaving users ...

On Sunday, June 7 Coinbase users widthdrew a record high amount of BTC. Nassim Taleb, the author of "Black Swan" even quit the exchange, as reported by Cointelegraph.

The $214 million worth of BTC widthdrawls came one week after Coinbase experienced a service outage as BTC pushed up against it's resistance level at $10,000, leaving users frustrated.

Some have predicted the event indicates that BTC owners are planning on hodling which could drive BTC price upwards, while others believe the bleeding of BTC demonstrates users' loss of faith in Coinbase following the outage.

By Emily Mason

Last Update:

Tags: ,,
Link: Coinbase Loses Record High Amount Of Bitcoin After Service Outage   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 11 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 18 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 22 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 25 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 29 days ago

    • You need to login to comment.