Bitcoin soared to over $19,000 on Coinbase — but the price on other exchanges is totally different

Bitcoin soared above $19,500 a coin on Coinbase’s GDAX exchange on Thursday at about 11:30 a.m. ET, three hours after it blew past $16,000.

The massive tear upward seems to have put pressure on Coinbase’s infrastructure — the exchange said on Twitter that users were experiencing issues logging into their accounts because of record traffic:

Screen Shot 2017 12 07 at 12.05.05 PMCoinbase

Coinbase, the largest platform for buying and selling cryptocurrencies in the US, has experienced several outages as the price of bitcoin has skyrocketed to new highs.

The exchange was down for about an hour on Friday, two days after a major system outagekept many users from accessing their bitcoin wallets.

The price of bitcoin on Thursday was all over the place, with various exchanges showing significantly different prices — some more than $1,000 apart. The immaturity of the bitcoin markets has often created price discrepancies, which would be unheard of elsewhere on Wall Street…

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