Bitcoin halving fears intensify, Coinbase crashes
Ifeanyi Egede
Bitcoin is now hovering around the $8,000 mark barely two days after smashing the resistance at $8,850 to make the jump above $10,000. Sellers have been pushed on the leading exchange platform, Coinbase, to sell their assets.
The bulk of sales orders has, in turn, caused the exchange platform to crash; the second time, it will happen in two weeks. With the Bitcoin halving set to occur in a matter of days, traders don’t want to be around if the events go sideways.
Bitcoin is now hovering around the $8,000 mark barely two days after smashing the resistance at $8,850 to make the jump above $10,000. Sellers have been pushed on the leading exchange platform, Coinbase, to sell their assets.
The bulk of sales orders has, in turn, caused the exchange platform to crash; the second time, it will happen in two weeks. With the Bitcoin halving set to occur in a matter of days, traders don’t want to be around if the events go sideways.
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