Bitcoin soars more than $3,000 in under 3 hours on Coinbase — then the site went down
Bitcoin soared from $16,000 a coin on Coinbase’s GDAX exchange to more than $19,500 in less than three hours Thursday.
Coinbase said its site was down for some users because of record-high traffic.
Bitcoin was trading at $15,398 a coin at 11:59 a.m. ET, according to Markets Insider data.
Bitcoin soared above $19,500 a coin on Coinbase’s GDAX exchange around 11 a.m. ET Thursday, just three hours after it blew past $16,000 on the exchange.
The massive tear upwards seems to have put pressure on Coinbase. The exchange’s site was down just before the time of print. The company …read more
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