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Coinbase Goes Down Again as Bitcoin Price Action, Volatility Heat Up Again
Coinbase is experiencing another outage of its website and mobile apps.
Updated Sep 14, 2021, 10:35 a.m. Published Nov 26, 2020, 2:21 p.m.
Coinbase is experiencing another outage of its website and mobile apps, a reoccurrence of a problem that seems to plague the leading cryptocurrency exchange whenever bitcoin's price and volume spike.
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We are currently investigating connectivity issues on Coinbase and Coinbase Pro. We're working quickly to implement a fix and we'll send an update as soon as it's resolved. https://t.co/SsT87hfqmG
— Coinbase Support (@CoinbaseSupport) November 26, 2020
This comes on the heels of issues yesterday that affected Coinbase and a large swath of the internet when cloud provider AWS experienced outages. As other sites are also still reporting issues, it's possible Coinbase's problems are still being caused by the AWS troubles.
Coinbase has suffered a number of outages during busy trading periods this year including most recently on Nov. 16. The most recent outage comes as bitcoin (BTC) is down 11.54% to $17,120 at press time.
UPDATE: 11/26/20 15:06 UTC: Updated with reasons for outage.
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What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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