tl;dr
In a recent story, Coinbase (NASDAQ:COIN) has resolved an issue that resulted in some users seeing a zero balance in their accounts on Wednesday. The cryptocurrency exchange confirmed that all customer account balance display issues have been restored on Coinbase.com, and the company's stock fell 1....
In a recent story, Coinbase (NASDAQ:COIN) has resolved an issue that resulted in some users seeing a zero balance in their accounts on Wednesday. The cryptocurrency exchange confirmed that all customer account balance display issues have been restored on Coinbase.com, and the company's stock fell 1.4% in midday trading on Thursday following the incident. Although services on Coinbase had been fully restored about five hours prior, a few customers were still seeing an inaccurate balance on their accounts. Additionally, users were experiencing errors in buying or selling on the platform, with CEO Brian Armstrong attributing these problems to a surge in traffic. This occurred on a day when Bitcoin (BTC-USD) broke above $60K for the first time in more than two years.
More about Coinbase Global Inc
Coinbase Global Inc, a company providing financial infrastructure and technology for the crypto economy, has a market capitalization of $48.27 billion and a stock price of $538.43. The company has shown a positive 12-month stock performance, with a 0.37% increase. Market sentiment appears to be bullish, with a relative strength index (RSI) of 88.29, indicating overbought conditions. However, the stock's volatility, as indicated by the Bollinger Bands, is relatively low at 3.27, suggesting a potential lack of momentum. It's important to note that past performance is not necessarily indicative of future results, and investors should consider the potential risks and uncertainties associated with investing in the crypto economy.
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