Greed

Ethereum

Bitcoin

when

The US’s biggest crypto exchange by trading volume, Coinbase confirmed that they are experiencing a system wide outage. The interruption of service seems to have caused the crypto market to take a slight dip as users were found complaining of being unable to trade assets. Coinbase confirms outage 
Coinbase in a post stated that they are investigating this issue and working on a solution and assured that the users’ funds are safe.
The latest post from the trading platform announced that it is now fully recovered. It eventually appreciated customers’ patience and apologized for the inconvenience.
After a few hours of confirming an outage, the platform informed that they were seeing some services recover. It added that the customers may still be encountering connectivity problems. However, Coinbase wants to appreciate users’ patience while they are still working to correct this.
As per the customers’ complaint, Coinbase users are facing failures when sending crypto or withdrawing fiat. The platform is still working on this issue to get it fixed. What happened to the market? 
The global digital assets market recorded an impactful drop in the presence of Coinbase’s system wide outage. Bitcoin (BTC) price directly dropped from the $62,700 level to the $61,500 level. This dip went on to add more selling pressure in the market.
<a href="https://news.todayq.com/grayscale-drops-866-bitcoin-while-blackrock-adds-205-btc/" rel="noopener noreferrer nofollow">BTC price</a> is still marginally up in the last 24 hours despite taking a hit. However, Bitcoin price is still trailing by a 5% drop recorded in the last 30 days. The biggest crypto is trading at an average price of $61,889, at the press time. Its 24 hour trading volume is up by 57% to stand at $28.7 billion. It is holding a market cap of $1.2 trillion.
The global crypto market is still up over the past day with a total cap of $2.277 trillion. The cumulative 24 hour trading volume is up by 50% to stand at&nbsp; $71.82 billion. However, with the recent decline, the Fear and Greed index has now dropped to Neutral with 55 points.
Ethereum also took a dip in the presence of the outage. ETH price went on to trade below $2,800 levels. It is trading at an average price of $2,913, at the press time. Its 24 hour trading volume is up by 40% to stand at $12.3 billion.

Coinbase recovers from system outage, Can Bitcoin, ETH pick up now?

Todayq News

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