With a brand new all-time price excessive in sight for Bitcoin, crypto exchange Poloniex lately went offline.
“Poloniex is currently unavailable due to an unexpected issue,” the exchange’s buyer assist Twitter web page said on Friday. “We are investigating the issue and will keep you updated here throughout.”
Bitcoin has yielded exuberant upward price motion in current weeks, in addition to catching rising consideration. When visitors turns into dense on exchanges, their methods generally go down, locking out merchants. This has occurred with different exchanges prior to now as effectively, together with BitMEX and Coinbase.
“Poloniex is now out of maintenance mode,” Poloniex posted in a follow-up tweet. “Our spot and margin markets are in post-only mode and withdrawals are temporarily unavailable.” A subsequent update said the return of futures contract buying and selling on the platform.
In the meantime, Bitcoin stays painfully near its all-time price excessive close to $20,000. This yr has seen a big quantity of mainstream monetary consideration on the asset. Paul Tudor Jones, Jack Dorsey’s Sq. and MicroStrategy have all jumped on board, shopping for large positions within the digital coin.
Fintech Zoom reached out to Poloniex for added particulars, however obtained no response as of press time. This text shall be up to date accordingly ought to a response are available.
UPDATE Nov. 20, 22:03 UTC: This text has been up to date, reflecting Fintech Zoom’s request for remark.
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