Bitcoin price ‘crash’: Cryptocurrency value could be stifled by shock Coinbase decision | Express.co.uk

Reddit users recently discovered that they were unable to purchase the site’s premium membership using the cryptocurrency that could add to Bitcoin’s current price woes.

User Emoney04 claimed that the decision was made in preparation for an “upcoming Coinbase change”.

When questioned on whether the site had removed the Bitcoin payment option, they wrote: “Yup that’s right. The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option.”

Bitcoin is currently worth $7,813.98 at the time of writing.

The cryptocurrency’s price has plunged by a shocking $1,848 in the last month.

This marks a stark fall of 19.13 per cent.

Since reaching record trading prices last year Bitcoin has failed to remain at such astronomically high values.

However, the Reddit user stated that the website is going to examine the demand of the payment system and hinted that the service could return.

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Bitcoin price ‘crash’: Cryptocurrency value could be stifled by shock Coinbase decision | City & Business | Finance | Express.co.uk.

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