page contents Poloniex exchange goes down on the brink of new Bitcoin all-time high – The News Headline

Poloniex exchange goes down on the brink of new Bitcoin all-time high

With a brand new all-time worth prime in sight for Bitcoin, crypto trade Poloniex lately went offline.

“Poloniex is recently unavailable because of an sudden factor,” the trade’s buyer beef up Twitter web page said on Friday. “We’re investigating the problem and can stay you up to date right here during.”

Bitcoin has yielded exuberant upward worth motion in fresh weeks, in addition to catching rising consideration. When visitors turns into dense on exchanges, their methods on occasion move down, locking out buyers. This has took place with different exchanges up to now as smartly, together with BitMEX and Coinbase.

“Poloniex is now out of upkeep mode,” Poloniex posted in a follow-up tweet. “Our spot and margin markets are in post-only mode and withdrawals are briefly unavailable.” A next update mentioned the go back of futures contract buying and selling at the platform.

In the meantime, Bitcoin stays painfully as regards to its all-time worth prime close to $20,000. This yr has noticed a vital quantity of mainstream monetary consideration at the asset. Paul Tudor Jones, Jack Dorsey’s Sq. and MicroStrategy have all jumped on board, purchasing giant positions within the virtual coin.

Cointelegraph reached out to Poloniex for extra main points, however won no reaction as of press time. This article is going to be up to date accordingly must a reaction are available in. 

UPDATE Nov. 20, 22:03 UTC: This newsletter has been up to date, reflecting Cointelegraph’s request for remark. 

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