Breaking News: Coinbase temporarily out of service as BTC loses $1000 in value

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Coinbase Outage

*Update: As of 23:16 CET the issue seems to be resolved and Coinbase is back online.*

Coinbase seems to be under heavy load and temporarily out of service as the price of Bitcoin has begun a correction and is eyeing the $12.000 mark after a climb above $13.000 during the day.

Coinbase Outage
Source: Coindesk

It is unclear whether the service collapsed under the heavy load of users or if foul play is at play.

Coinbase is currently investigating the outage issue but has, so far, not responded on any of their official media channels.

The Coinbase outage comes shortly after an announcement that Chainlink (LINK) will be listed as a new asset on the Coinbase PRO exchange.

*Update: As of 23:16 CET the issue seems to be resolved and Coinbase is back online.*

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Source: Coindesk

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