Bitcoin (BTC) surged past $111,000 during the early hours of the Asian session on Thursday. However, investors may have seen this coming, amid a familiar twist- Coinbase went down.
As the major US exchange experienced temporary connectivity issues, crypto Twitter lit up with predictions of a massive rally that seemed to materialize in real time.
Coinbase Downtime Fuels Bullish Frenzy
Reports on X (Twitter) indicate Coinbase Exchange suffered downtime in the early hours of Thursday. However, contrary to the typical reaction among investors, crypto market participants remained optimistic whenever such incidents happened.
“Coinbase is down. OGs know what this means. Full…Send is loading,” wrote CryptoCurb, a popular user on X.
The user joined a long list of community members who captured the moment’s meme-like energy, and the enthusiasm quickly circulated across crypto circles.
Sentiment was not…
