Bitcoin Boom Tops $60K: Coinbase Glitches Amid ETF Frenzy
February 28, 2024Bitcoin'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
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Sources
Forbes • Feb 28, 2024
Bitcoin Breaks Through $60,000 As 'Sustained Momentum' Fuels Latest GainsForbes • Feb 28, 2024
Bitcoin Tops $60,000—First Time Since 2021