homeeconomy NewsBitcoin struggles to hold above $16,000; crypto marketplace Coinbase reports transaction delays

Bitcoin struggles to hold above $16,000; crypto marketplace Coinbase reports transaction delays

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By CNBCTV18.COMJan 5, 2018 10:27:36 AM IST (Updated)

The digital currency briefly climbed more than 12.5 percent to above $16,100 late Tuesday morning and was trading near $15,965 late in the afternoon, according to Coinbase, the leading U.S. platform for trading major digital currencies.

Bitcoin rallied Tuesday, recovering from a sharp sell-off late last week.

The digital currency briefly climbed more than 12.5 percent to above $16,100 late Tuesday morning and was trading near $15,965 late in the afternoon, according to Coinbase, the leading U.S. platform for trading major digital currencies.
However, Coinbase said on its status website at 1:24 p.m., ET, that "Due to high volume, we are experiencing a backlog of outgoing transactions for BTC and ETH. ... Outgoing transactions of BTC and ETH may be delayed by several hours."
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