A rollercoaster ride of a week for Bitcoin has seen exchanges suffer outages as current and new users clamored to trade the sought-after virtual currency.
Popular exchange Coinbase and other exchanges saw a massive surge in the volume of traffic on their exchange - causing delays for users on their platforms.
Server issues leading to price volatility?Having hit the $11,000 mark on Wednesday, Bitcoin’s value has been following a wave function.
There could be a number of reasons for this. Naturally, many investors may have cashed out when the virtual currency hit its biggest high to date.
Or perhaps the apparent correction, which many analysts predicted to come at much higher prices, is as a result of the difficulties experienced by major exchanges that were not quite prepared for the massive demand on their systems.