On May 20th, according to foreign media reports, recently, as the price of Bitcoin and other cryptocurrencies plummeted to their lowest level since February, the traffic of some major crypto exchanges and websites around the world has surged and “downtime” “ .
Last night, the cryptocurrency trading platform Binance announced that it would suspend the withdrawal of Ethereum and ERC20 and suspend some leveraged token transactions. At the same time, Coinbase (COIN.O) fell into a downtime and said it was investigating the downtime of the platform. The cryptocurrency exchange Kraken also stated that there is currently a network connection failure on the trading platform. Even the crypto analysis website CoinMarketCap has “disconnected”, making crypto users unable to view market activities and transactions at critical moments.
At the same time, Gemini issued an announcement stating that it will take emergency maintenance actions to repair network problems. The exchange stated that “all customers’ accounts and funds are still completely safe.” However, in a turbulent market, any interruption of funds on the exchange will harm the interests of customers who want to buy or sell.
This year can be described as the “crypto crash” year, and major cryptocurrencies have fallen sharply and become popular. In the extremely volatile crypto market, all experienced double-digit percentage declines . Bitcoin has fallen by more than 17% in the past 24 hours, while the price of Ether has fallen by 25% and almost fell below $2,000 early Wednesday.
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