Coinbase Goes Down as Bitcoin Tops $85K, $919M in Shorts Liquidated
- —Outage hit the website, mobile app and Advanced Trade
- —Services were restored about 70 minutes after acknowledgment
- —$919 million in shorts liquidated, including $557 million in Bitcoin
- —COIN shares closed 3.5% higher at $201.05 on 14.4 million shares
Why it matters: Exchange downtime during volatile markets leaves traders unable to manage positions at the moment they need it most.
Source: Yahoo Finance Crypto