Bitcoin was surging and then Coinbase snapped, and we tanked

We see this all the time, every bull market Coinbase has issues.

Usually traffic spikes and then the website goes down.

This tends to cause fear and panic among investors and the prices of bitcoin tends to go down.

We saw exactly that today as Coinbase displayed an error on people's balances showing they had zero value, when they clearly did.

People panicked and sold and here we are.

Looked something like this:

(Source: https://twitter.com/FinnXTB/status/1762897379378827307/photo/1)

Ironically, this could end up being good as it wiped out leverage and that leverage will likely come back at higher prices, extending the run higher than it otherwise would have gone.