Cryptocurrency Trading Has Been Suspended After Huge Crash – Bitcoin Part 2

Bad news for Coinbase, one the world’s biggest
bitcoin marketplaces, has declared buying and selling is temporarily disabled following
a price rout. It comes at time when cryptocurrencies are
at an all time low, with Bitcoin dropping below £12,000. Visitors to Coinbase exchange discovered messaged
showing the site to be offline at around 9:30am. By 10 am they were back online before suspended
some of its trading shortly after 11am. They said in a statement they are working
on a fix and ‘apologise for any inconvenience.’ It read: Due to today’s high traffic, buys and sells
may be temporarily offline. We’re working on restoring full availability
as soon as possible. Chief executive officer Ross Norman, whose
company Sharps Pixley offers gold in exchange for bitcoin said: The sharks are beginning to circle here, and
the futures markets may give them a venue to strike. Bitcoin’s been heavily driven by retail
investors, but there’ll be some aggressive funds looking for the right opportunity to
hammer this thing lower. Coinbase’s own CEO Brian Armstrong advised
punters to ‘invest responsibly which shows just how delicate this whole thing is.

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