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

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

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

Bitcoin has yielded exuberant upward worth motion in fresh weeks, in addition to catching rising consideration. When visitors turns into dense on exchanges, their programs infrequently cross down, locking out buyers. This has came about with different exchanges prior to now as smartly, together with BitMEX and Coinbase.

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

In the meantime, Bitcoin stays painfully just about its all-time worth top 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 gained 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 text has been up to date, reflecting Cointelegraph’s request for remark. 

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