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

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

With a brand new all-time value excessive in sight for Bitcoin, crypto change Poloniex just lately went offline.

“Poloniex is at the moment unavailable resulting from an sudden situation,” the change’s buyer help Twitter web page stated on Friday. “We’re investigating the difficulty and can preserve you up to date right here all through.”

Bitcoin has yielded exuberant upward value motion in current weeks, in addition to catching rising consideration. When site visitors turns into dense on exchanges, their methods generally go down, locking out merchants. This has occurred with different exchanges previously as effectively, 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 subsequent replace acknowledged the return of futures contract buying and selling on the platform.

In the meantime, Bitcoin stays painfully near its all-time value 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 massive positions within the digital coin.

Cointelegraph reached out to Poloniex for extra particulars, however acquired no response as of press time. This text will likely 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 Cointelegraph’s request for remark. 


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