Coinbase Crashes Again As Bitcoin Hits New High Then Plummets

Coinbase suffered another outage as Bitcoin hit a new all-time high price before collapsing, a pattern seen in previous Bitcoin price runs
Users reported errors related to trading, deposits, and withdrawals during the frenzy and peak Bitcoin pricing
The Coinbase BTC price diverged from other exchanges, with a "flash crash" down to $59k right after the new ATH of $69k
Crypto Twitter reacted, noting the regularity of Coinbase crashes during Bitcoin bull runs as a sign of increased interest and volume
Coinbase has an estimated 110 million monthly users compared to 128 million on Binance, so larger user bases don't prevent outages