Coinbase’s site down, Robinhood restricts crypto trading as bitcoin surges past $37,000

Jan 29, 2021 | The Block News | 0 comments

coinbase’s-site-down,-robinhood-restricts-crypto-trading-as-bitcoin-surges-past-$37,000

Coinbase’s website is suffering from an outage since 7:41 am EST Friday, according to the crypto exchange’s status page.

The exchange said it is currently investigating the issue. Meanwhile, the popular trading app Robinhood told CNBC that it has halted the instant crypto buying feature due to “extraordinary market conditions.”

“Customers can still use settled funds to buy crypto. We’ll keep monitoring market conditions and communicating with our customers,” said Robinhood.

The issues occur as bitcoin has surged past $37,000 today after support from Tesla CEO Elon Musk.

Earlier today, Musk changed his Twitter bio to mention only Bitcoin. Shortly after that change, Musk tweeted, “In retrospect, it was inevitable,” possibly meaning that the bitcoin mention was sure to happen.

Bitcoin is currently trading at around $37,500, according to The Block’s Data Dashboard

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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