Share this article
BTC
$81,093.30
-
0.53%ETH
$1,551.45
-
2.63%USDT
$0.9994
-
0.03%XRP
$2.0026
+
0.55%BNB
$581.10
+
0.38%SOL
$116.62
+
1.72%USDC
$1.0000
+
0.01%DOGE
$0.1571
+
0.76%ADA
$0.6311
+
1.85%TRX
$0.2347
-
2.56%LEO
$9.4179
+
0.30%LINK
$12.44
+
1.12%AVAX
$18.58
+
3.05%HBAR
$0.1724
+
2.03%XLM
$0.2354
+
0.78%TON
$2.9206
-
2.99%SUI
$2.1974
+
2.71%SHIB
$0.0₄1201
+
0.64%OM
$6.4308
-
4.49%BCH
$297.18
+
0.36%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Coinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network Congestion
The delays come on a day when the price of bitcoin surpassed its all-time high.
Leading cryptocurrency exchange Coinbase, on a day when the price of bitcoin (BTC) reached a new all-time high, said it is experiencing delays processing BTC withdrawals due to Bitcoin network congestion.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Deposits, buys and sells are not impacted, the exchange said.
- Coinbase has suffered a number of issues – mainly outages – during busy trading periods this year including most recently on Nov. 26.
- The most recent issue comes as BTC eclipsed its all-time high of $19,783 Monday morning en route to setting a new record of $19,864 before giving back some of those gains, trading at $19,478.89, up 6.90% at press time.
See also: Coinbase Goes Down Again as Bitcoin Price Action, Volatility Heat Up Again
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
