Coinbase, Binance and Kraken are down as the value of Bitcoin and other cryptocurrencies has plummeted

Cryptocurrency trading platform Coinbase is down. Numerous users are reporting problems accessing the company's services, as we can see on pages like Downdetector, and Coinbase's own status website notes that they are experiencing "intermittent downtime" and "delays in withdrawing ETH and ERC. -twenty".

This situation occurs on a truly black day for the world of cryptocurrencies with widespread falls after the ban on bitcoin payments in China. The decision of the Asian giant has hit like a blow and has come at a not particularly good time for Bitcoin, which fell days ago and plummeted after certain comments from Elon Musk.

It's not just Coinbase: users are also experiencing problems with other services like Coindesk, Gemini, Binance, or Kraken

How to buy Bitcoins safely and without risk

"Network congestion," notes Coinbase

Coinbase status.

Coinbase status.

The coincidence of both facts could not be accidental, although we point this possibility with due precautions, since the price of a good number of cryptocurrencies are falling sharply at the time of writing this piece and these bearish episodes usually push for sale.

In the last 24 hours, for example, bitcoin has fallen more than 21%, Ethereum 31%, Dogecoin 42% and Shiba 48%. Remarkable figures.

The falls of different cryptocurrency buying and selling services coincide with a generalized collapse of numerous cryptocurrencies

In fact, beyond the outages you are experiencing Coinbase, as we said, is also experiencing delays in withdrawals from Ethereum and tokens ERC-20 and it points to a "network congestion". According to their website, it is the only cryptocurrency with which they are having problems.

Nevertheless, Coinbase is not alone. Other services like Coindesk, Gemini, Binance or Kraken they are also down or having difficulty functioning.

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