Coinbase Breakdown. BTC Price Below 12k

3 min reading

In the afternoon of the 26th of June, the Coinbase exchange broke down, both on the website and in the API. At that time, the price of Bitcoin dropped by over 1700 USD.

Short-term breakdown, but significant

According to the announcement on the Coinbase website, the crypto exchange recorded quite a major breakdown in all its products. The breakdown happened, regardless of the fact that the servers seemed to function flawlessly. Just before midnight, the spokesperson of the exchange contacted the media and reported that there are no breakdowns anymore. The stoppage of the Coinbase exchange lasted barely half an hour, but its effects were extremely significant. On Wednesday, June 26, at the high point, Bitcoin's price amounted to $13,900. At the exact moment of the breakdown the price was at the level of 13,600 dollars, and within a dozen or so minutes it was able to fall below 12,000. Despite the end of the stoppage of the exchange and despite of the fact, that BTC regained its strong position for a short time, it may take some time before the price will stabilize on the level it used to be before. As of today (June 27, midnight) it did not return to the level of 13,000.

Bitcoin breaks more barriers

Nevertheless, Bitcoin is experiencing a kind of a renaissance, because for the first time since January 2018, its price reached as much as $12,000 on June 26. On the same day it was able to break the $13,000 barrier. And all of that even despite of the fact, that just at the beginning of the 2019, it was still below 4,000. Experts compete in quotations about the level of BTC in the coming months and years. Ideas amount to 60,000, 100,000 dollars. There are also those who believe in millions of dollars.
Waluta Kurs Dokonaj zakupu

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.