The ultra-modern and traditional markets coincided on Mar 5, as both Bitcoin and gold saw record-breaking highs occur on the same day.<\/span><\/p>\n In the early hours in Europe on Monday 4 March, Bitcoin jumped to above $65,537 which was the crypto asset\u2019s highest level<\/a> since late 2021 when its all-time record of $68,999.99 was reached.<\/span><\/p>\n Just a day later, Bitcoin<\/a> continued to soar and it hit a historic high of $69,210 at 3:00 pm UTC.<\/span><\/p>\n According to data from TradingView<\/a>, spot gold smashed through its peak at $2,130 at around 1:30 pm UTC on the same day, March 5.<\/span><\/p>\n The price of Bitcoin then took a tumble as it hit $60,793 in the early afternoon before slightly recovering to trade around $62,780.<\/span><\/p>\n As these highs were reached, all three major U.S. stock indexes fell 1 percent or more on the same day.<\/span><\/p>\n National investment strategist at U.S. Bank Wealth Management, Tom Hainlin, told <\/span>Reuters<\/span><\/a>: \u201cWe can draw the line from weaker economic data to higher expectations that the Fed will cut interest rates to less support the dollar, which, in turn supports gold.\u201d<\/span><\/p>\n Whilst investors were likely overjoyed with the price, some users were unable to buy or sell as cryptocurrency trading app <\/a><\/span>Coinbase<\/span> crashed at a pivotal moment.<\/span><\/p>\n At 3:44 pm ET, Coinbase posted on Twitter: \u201cWe are aware that some users may be experiencing errors when transacting. Our team is investigating this issue and will provide an update shortly. Your assets are safe.\u201d<\/span><\/p>\n We are aware that some users may be experiencing errors when transacting. Our team is investigating this issue and will provide an update shortly. Your assets are safe.<\/p>\n \u2014 Coinbase Support (@CoinbaseSupport) March 5, 2024<\/a><\/p>\n<\/blockquote>\n This left several Coinbase users feeling frustrated and they took to X to voice their anger. One customer wrote: \u201cWe can\u2019t buy and we can\u2019t sell and my accounts not being credited sales that went through.\u201d<\/span><\/p>\n At 5:43 pm ET, the trading company said customer transactions had fully recovered.<\/span><\/p>\n Featured image: Photo by Aleksi R\u00e4is\u00e4<\/a> on Unsplash<\/a>\u00a0<\/strong><\/em><\/p>\nAs prices went up, the trading app crashed<\/span><\/h2>\n
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