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Bitcoin's Price Is Collapsing And People Can't Trade Because Two Big Exchanges Have Crashed


Added 11-29-17 03:19:06pm EST - “Digital exchanges Coinbase and Gemini saw slowed performance on the websites after bitcoin hit $11,000. Now it's crashing and some people still can't log in...” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “Bitcoin's price is collapsing and people can't trade because two big exchanges have crashed”. Below is an excerpt from the article.

Gemini, a cryptocurrency exchange owned by Cameron and Tyler Winklevoss, crash on Wednesday. Thomson Reuters

Bitcoin's price dropped to a low of $9,290.30 from an all-time high of $11,377.33, after many users found themselves locked out of the two of the biggest cryptocurrency exchanges in the US.

Coinbase showed this error to users just before 12 pm PT on Wednesday. Business Insider/Screenshot

The digital exchanges Coinbase and Gemini crashed on Wednesday after bitcoin mayhem sent prices for the cryptocurrency surging above $11,000 a pop in the early hours of the morning.

Lock-outs were also reported on Coinbase's professional trading platform GDAX and the Luxembourg-based bitcoin exchange Bitstamp. 

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