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As Bitcoin and Ethereum take a tumble, the spike in user traffic at both Coinbase and GDAX have resulted in outages and trading freezes respectively.
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On Monday at the time of press, bitcoin is down nearly 7.5% on the day while Ethereum is closer to a significant 20%, driving opportunistic investors to partake in a buying frenzy while prices fall.
The ensuing traffic on Coinbase and GDAX, an exchange operated by Coinbase for more professional traders, has impacted both websites.
GDAX revealed it was temporarily halting trading completely for all trading pairs, stating:
We are temporarily halting trading across all products and moving to post-only mode while we work to restore service to all customers.