Cryptocurrency exchange outages were reported not just in India but globally following a crash in crypto assets including bitcoin and ethereum on May 19.
Exchanges gave a mix of reasons for outages after angry users and traders reported difficulty in trading their digital assets. Voyager, a crypto asset broker in the US, said that exchange outages were due to market volatility and connectivity issues. The Voyager app went into a temporary maintenance mode.
Bitcoin’s price fell over 30 percent on May 19, significantly reducing the market value as a bearish sentiment took over the market. The downward surge took the price of Bitcoin below $31,000. The biggest cryptocurrency by market value had once recorded an all-time high of $64,829.14, according to CoinDesk.
News Source:- Moneycontrol