Bitcoin Boom Tops $60K: Coinbase Glitches Amid ETF Frenzy

February 28, 2024
Bitcoin Boom Tops $60K: Coinbase Glitches Amid ETF Frenzy
  • Bitcoin's price surge past $60,000 triggered Coinbase 'zero balance' issues amid heavy traffic.

  • Coinbase transaction delays and errors occurred, though trading is gradually resuming.

  • Spot Bitcoin ETFs are driving market interest, with over $5.7 billion invested.

  • Other cryptocurrencies like Toncoin, Aptos, and Fantom also saw significant gains.

  • BlackRock's Bitcoin ETF set a record with $520 million invested in one day.

  • Morgan Stanley is exploring the possibility of offering a spot Bitcoin ETF.

  • Investors are cautioned due to the cryptocurrency market's volatility and sensitivity to regulatory and technological changes.

Summary based on 173 sources


Get a daily email with more Tech stories

More Stories