{"id":12373,"date":"2022-11-08T22:30:17","date_gmt":"2022-11-08T22:30:17","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/08\/bitcoin-drops-below-17500-as-coinbase-kraken-report-issues\/"},"modified":"2022-11-08T22:30:17","modified_gmt":"2022-11-08T22:30:17","slug":"bitcoin-drops-below-17500-as-coinbase-kraken-report-issues","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/08\/bitcoin-drops-below-17500-as-coinbase-kraken-report-issues\/","title":{"rendered":"Bitcoin drops below $17,500 as Coinbase\/Kraken report issues"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1667941583290-7d9829cc-c7a3-4815-9275-297a15237687-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1667941583290-7d9829cc-c7a3-4815-9275-297a15237687-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1667941583290-7d9829cc-c7a3-4815-9275-297a15237687-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1667941583290-7d9829cc-c7a3-4815-9275-297a15237687-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2017\/06\/1667941583290-7d9829cc-c7a3-4815-9275-297a15237687.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<p dir=\"ltr\"><strong><em>Bitcoin value fell greater than 12% to the touch lows of $17,114 on crypto alternate Coinbas<\/em><\/strong><strong><em>e<\/em><\/strong><em><strong>.<\/strong><\/em><\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> declined greater than 12% on Tuesday as a surprised crypto world descended into sell-off territory on information that Binance, led by Changpeng Zhao, had signed a letter of intent (LOI) for the <a href=\"https:\/\/coinjournal.net\/news\/binance-to-acquire-ftx\/\">acquisition of crypto exchange FTX<\/a>.<\/p>\n<h2 dir=\"ltr\">Bitcoin sell-off pushes BTC below June 2022 lows<\/h2>\n<p dir=\"ltr\">After an preliminary upward spike for the crypto market amid a constructive take, Bitcoin nosedived to lows of $17,114 on crypto alternate Coinbase.\u00a0<\/p>\n<p dir=\"ltr\">The draw back marks Bitcoin\u2019s fall to its lowest value stage for the reason that crypto massacre in June, when the aftermath of the crash of Luna and Three Arrows Capital chapter coincided with Bitcoin printing a low of $17,592.<\/p>\n<p>With the sell-off crashing the FTX (FTT) token as a lot as 85% inside hours on Tuesday \u2013 from highs of $22 to lows of $4.60 \u2013 different markets adopted swimsuit as uncertainty and worry reigned supreme.<\/p>\n<p dir=\"ltr\">Ethereum had fallen below $1,300 and Solana was getting smoked close to $23.80 on the time of writing.<\/p>\n<h2 dir=\"ltr\">Coinbase and Kraken report connectivity issues<\/h2>\n<p dir=\"ltr\">Meanwhile, main crypto exchanges Kraken and Coinbase reported connectivity issues that solely fueled the detrimental sentiment.\u00a0<\/p>\n<p dir=\"ltr\">Kraken <a href=\"https:\/\/status.kraken.com\/?utm_source=embed\" rel=\"noopener noreferrer\" target=\"_blank\">announced<\/a> an investigation into reviews that sure customers have been having connectivity issues on its web site as effectively as through cellular.<\/p>\n<p>Coinbase additionally <a href=\"https:\/\/twitter.com\/CoinbaseSupport\/status\/1590036316640759808\" rel=\"noopener noreferrer\" target=\"_blank\">reported<\/a> connectivity issues affecting its Coinbase.com, Coinbase Pro and Coinbase Prime platforms. An <a href=\"https:\/\/twitter.com\/CoinbaseSupport\/status\/1590050647033884672\" rel=\"noopener noreferrer\" target=\"_blank\">update<\/a> the US-based crypto alternate posted an hour later famous enchancment in community latency, however customers have been reportedly nonetheless having problem accessing the alternate\u2019s varied platforms.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-drops-below-june-lows-as-ftx-stuns-crypto-world\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin value fell greater than 12% to the touch lows of $17,114 on crypto alternate Coinbase. Bitcoin declined greater than 12% on Tuesday as a surprised crypto world descended into sell-off territory on information that Binance, led by Changpeng Zhao, had signed a letter of intent (LOI) for the acquisition of crypto exchange FTX. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,5087,1081,173,651],"class_list":["post-12373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-coinbasekraken","tag-drops","tag-issues","tag-report","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/12373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=12373"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/12373\/revisions"}],"predecessor-version":[{"id":12374,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/12373\/revisions\/12374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/12375"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=12373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=12373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=12373"}],"curies":[{"name":"w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