Coinbase Outages at Bitcoin $70,000 for 3rd Time Spark Manipulation Concerns

Coinbase, a leading cryptocurrency exchange, experienced widespread outages as Bitcoin reached the $70,000 mark, sparking concerns among users and investors. The disruptions occurred amidst a significant price pump, marking the third time the platform has gone offline during crucial trading periods. Critics have pointed to Coinbase's technical infrastructure and leadership decisions as potential factors contributing to the repeated outages. Additionally, there are growing calls for Coinbase to list popular meme cryptocurrencies $PEPE and $WIF, both valued over $2 billion each, with some users suggesting the exchange's actions could be seen as market manipulation. The incidents have raised questions about the impact of such outages on the derivatives market and the potential for price manipulation.