Rush too big? – Poloniex temporarily defaults shortly before the new Bitcoin record high
If all eyes are on Bitcoin, some crypto exchanges are probably overwhelmed by the onslaught.
While the record high for Bitcoin is getting more and more within striking distance, the cryptocurrency had to forego the support of the Poloniex crypto exchange, at least temporarily
„Poloniex is currently unavailable due to an unexpected problem“, as the customer service of the trading platform reported yesterday, Friday . „We are investigating the problem and will keep you up to date,“ the platform continues.
Bitcoin has been on a seemingly unstoppable climb in recent weeks, which is increasingly moving the cryptocurrency into the spotlight . However, this can mean that the systems of some crypto exchanges go to their knees due to the high traffic. Even large trading platforms like BitMEX and Coinbase have struggled with similar problems in the past.
A little later it was said that “Poloniex is no longer in maintenance mode”
In the meantime, normal operations have returned to the trading platform, and all crypto currencies can be traded as usual. Crypto futures can also be traded again.
Bitcoin, meanwhile, is climbing ever closer to the previous record high of $ 20,000. Many experts believe that growing interest in the mainstream is the driving force behind it. This year, in addition to major investor Paul Tudor Jones, payment service provider Square and software manufacturer MicroStrategy have already invested large amounts in the cryptocurrency.
Cointelegraph has asked Poloniex for comments, but has not received any feedback by the editorial deadline. This article will be updated as soon as there is an answer.