This week’s jump in Bitcoin prices revived themes well known to the digital currency that inflated then burst less than two years ago. Among them: enormous volatility, and exchange overloads.
Bitcoin soared as much as 39% this week to $13,852, the highest since January 2018. But it hit a brick wall around 4:30 p.m. New York time Wednesday, plunging more than $1,800 within about 10 minutes. Moments later, prominent cryptocurrency exchange Coinbase Inc. reported a system outage, which was resolved after an hour. Swings continued Thursday, with the coin anywhere from down 7.3% to up 4.8%.
Source of shared Link
My previous dlike posts :
- 'Phase Zero' of a New Ethereum Blockchain Could Go Live Next January - CoinDesk
- Trump says Iran 'made a very big mistake' by shooting down drone - Reuters
- Military operation against Iran was set before White House called it off - CNNPolitics
- The Real Reason Bitcoin, Ethereum, Ripple's XRP, And Litecoin Suddenly Rocketed?
- Malta to Register All Rent Contracts on Blockchain - CoinDesk
- Bitcoin Price Hits $11,300, Up 170% This Year
- Wait for October: New Bitcoin Miner Demand Is Again Outstripping Supply - CoinDesk
- Bitcoin price races past $12,000 as Ethereum, XRP, and Litecoin pairs get decimated | CryptoSlate
- Bitcoin Is Still Climbing: Is This Time Different?
- 5 Industries That Will be Revolutionised by Blockchain