Coinbase Outages Frustrate Users as Bitcoin Hits $63K Milestone
• Coinbase outage prevented some users from trading or seeing account balances as bitcoin hit $63k • CEO Brian Armstrong said outage likely due to 10x+ spike in traffic as bitcoin rallied • Issue first reported around 940am PT; some problems persisted hours later • Separate Ethereum network delay impacted Coinbase earlier in the day • Bitcoin price dipped right before Coinbase announced the disruption