Bitcoin technical analysis today: Coinbase causes bitcoin to crash and dump. Bitcoin, after rallying to over $10,000 per bitcoin in the last few days, has suddenly crashed back.

The bitcoin price lost more than 10% in a matter of minutes yesterday evening, dropping to lows of $8,100 on the Luxembourg-based Bitstamp exchange before rebounding to settle around $8,600.

However, an outage on major U.S. bitcoin and crypto exchange Coinbase just after bitcoin’s price plummet left many users unable to trade—the second time in less than a month Coinbase has buckled under stress.

#bitcoin#altcoins#coinbase

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