Bitcoin

Glitch

Billion

Coin

<ul class="news-points"> 
 <li>Coinbase glitch led to panic, with BTC traders losing approximately $100 billion.</li> 
 <li>BTC’s value plummeted from $64,300 to $59,461 following the outage.</li> 
 <li>Coinbase stated that all account balance display issues have been restored.</li> 
</ul> 
Bitcoin traders lost approximately $100 billion in minutes following a recent glitch on the prominent U.S.-based exchange Coinbase. In the last 24 hours, <a href="https://coinedition.com/bitcoin-at-59485-expert-says-btc-pump-to-end-on-april-fools-day/">Bitcoin</a> surpassed the $64k threshold, sparking a massive frenzy from the broader financial market. 
The frenzy caused Coinbase to see unanticipated traffic to its trading platform, ultimately overwhelming it. Consequently, <a href="https://coinedition.com/tag/coinbase-news/">Coinbase</a> users could not see the actual values of their assets on the exchange, witnessing zero balances that caused panic in the crypto community. 
The outages had far-reaching implications for the Bitcoin market as BTC dramatically tanked from a high of $64,300 to about $59,461 within an hour. Crypto analyst Peruvian Bull argued that the turnout had erased about $100 billion from Bitcoin’s market cap within the short time of its occurrence. 
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 Coinbase glitch that left many users seeing a zero balance erased $100 BILLION of market cap in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> in 15 minutes…
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The post <a href="https://coinedition.com/coinbase-glitch-wipes-out-100-billion-in-bitcoin-wealth-in-under-60-minutes/">Coinbase Glitch Wipes Out $100 Billion in Bitcoin Wealth in Under 60 Minutes</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Coinbase Glitch Wipes Out $100 Billion in Bitcoin Wealth in Under 60 Minutes

Coin Edition

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