BTC Drops Below $61,000 Due to Coinbase Outage

Leading U.S. cryptocurrency exchange Coinbase reported a system outage but assured users that their funds remain secure.

The disruption affected cryptocurrency deposits and withdrawals, briefly causing Bitcoin’s price to dip to $61,000 before rebounding to $62,000.

Following the news, the crypto market displayed mixed performance, with some assets declining while others gained. Upcoming reports on U.S. producer and consumer prices, along with a speech by the Federal Reserve chair, could further influence market trends.