Home Coinbase Bitcoin price dives $1,700 in minutes as Coinbase website goes down – MarketWatch

Bitcoin price dives $1,700 in minutes as Coinbase website goes down – MarketWatch

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The price of bitcoin

BTCUSD, +0.89%

plunged more than $1,700 in 15 minutes Wednesday afternoon after the website of cryptocurrency exchange Coinbase apparently crashed. After topping a 17-month high above $13,700 earlier Tuesday, bitcoin sank below the $12,000 level, and was last trading around $12,400. A notice on Coinbase’s website read “An error has occurred. We’ve been notified about the issue and are taking a look.” The website appeared to be working again by 5:15 p.m. Eastern. According to the site’s status page, the issue was “resolved” around 5:40 p.m. Eastern and all functions appeared operational. The digital currency is up 60% this month, and more than 230% year to date.

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