{"id":14335,"date":"2022-11-09T01:59:31","date_gmt":"2022-11-09T01:59:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-below-17500-as-coinbase-kraken-report-issues\/"},"modified":"2022-11-09T01:59:31","modified_gmt":"2022-11-09T01:59:31","slug":"bitcoin-drops-below-17500-as-coinbase-kraken-report-issues","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-below-17500-as-coinbase-kraken-report-issues\/","title":{"rendered":"Bitcoin drops below $17,500 as Coinbase\/Kraken report issues"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1667941583290-7d9829cc-c7a3-4815-9275-297a15237687-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1667941583290-7d9829cc-c7a3-4815-9275-297a15237687-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1667941583290-7d9829cc-c7a3-4815-9275-297a15237687-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1667941583290-7d9829cc-c7a3-4815-9275-297a15237687-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<p dir=\"ltr\"><strong><em>Bitcoin price fell more than 12% to touch lows of $17,114 on crypto exchange Coinbas<\/em><\/strong><strong><em>e<\/em><\/strong><em><strong>.<\/strong><\/em><\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> declined more than 12% on Tuesday as a stunned crypto world descended into sell-off territory on news that Binance, led by Changpeng Zhao, had signed a letter of intent (LOI) for the <a href=\"https:\/\/coinjournal.net\/news\/binance-to-acquire-ftx\/\">acquisition of crypto exchange FTX<\/a>.<\/p>\n<h2 dir=\"ltr\">Bitcoin sell-off pushes BTC below June 2022 lows<\/h2>\n<p dir=\"ltr\">After an initial upward spike for the crypto market amid a positive take, Bitcoin nosedived to lows of $17,114 on crypto exchange Coinbase.\u00a0<\/p>\n<p dir=\"ltr\">The downside marks Bitcoin\u2019s fall to its lowest price level since the crypto bloodbath in June, when the aftermath of the crash of Luna and Three Arrows Capital bankruptcy coincided with Bitcoin printing a low of $17,592.<\/p>\n<p>With the sell-off crashing the FTX (FTT) token as much as 85% within hours on Tuesday \u2013 from highs of $22 to lows of $4.60 \u2013 other markets followed suit as uncertainty and fear reigned supreme.<\/p>\n<p dir=\"ltr\">Ethereum had fallen below $1,300 and Solana was getting smoked near $23.80 at the time of writing.<\/p>\n<h2 dir=\"ltr\">Coinbase and Kraken report connectivity issues<\/h2>\n<p dir=\"ltr\">Meanwhile, leading crypto exchanges Kraken and Coinbase reported connectivity issues that only fueled the negative sentiment.\u00a0<\/p>\n<p dir=\"ltr\">Kraken <a href=\"https:\/\/status.kraken.com\/?utm_source=embed\" rel=\"noopener noreferrer\" target=\"_blank\">announced<\/a> an investigation into reports that certain users were having connectivity issues on its website as well as via mobile.<\/p>\n<p>Coinbase also <a href=\"https:\/\/twitter.com\/CoinbaseSupport\/status\/1590036316640759808\" rel=\"noopener noreferrer\" target=\"_blank\">reported<\/a> connectivity issues affecting its Coinbase.com, Coinbase Pro and Coinbase Prime platforms. An <a href=\"https:\/\/twitter.com\/CoinbaseSupport\/status\/1590050647033884672\" rel=\"noopener noreferrer\" target=\"_blank\">update<\/a> the US-based crypto exchange posted an hour later noted improvement in network latency, but users were reportedly still having difficulty accessing the exchange\u2019s various platforms.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-drops-below-june-lows-as-ftx-stuns-crypto-world\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin price fell more than 12% to touch lows of $17,114 on crypto exchange Coinbase. Bitcoin declined more than 12% on Tuesday as a stunned crypto world descended into sell-off territory on news that Binance, led by Changpeng Zhao, had signed a letter [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":14336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14335"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=14335"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/14336"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=14335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=14335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=14335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}