Coinbase Crashes as Bitcoin Plummets: Users Report $0 Balances

Breaking: Coinbase, $COIN, crashes with many users showing $0 balance as #Bitcoin hits $64,000

In a sudden turn of events, popular cryptocurrency exchange Coinbase experienced a major crash, leaving numerous users in distress as their account balances displayed $0. This incident coincided with a significant drop in the price of Bitcoin, which plummeted by $4,000 within a mere 30 minutes, reaching a low of $60,000.

Coinbase, known for its user-friendly interface and wide range of supported cryptocurrencies, released a statement assuring its users that their assets were safe. The company acknowledged the issue and stated that they were actively investigating the cause of the crash.

Prior to the crash, Bitcoin was on the verge of reaching a new all-time high, with the price hovering less than 9% away from the previous record. The sudden drop in value and the Coinbase crash have left many investors and enthusiasts concerned about the stability and reliability of cryptocurrency exchanges.