Coinbase is nether the microscope with Bitcoin's (BTC) price surges past $41,000 post-obit a minor retrace later on topping $40,000 on Thursday.

The United States-based crypto commutation is known for experiencing serious connectivity issues during periods of peak trading activeness. Indeed, these disruptions have reportedly prevented traders from taking advantage of cost gains and dips, robbing them of profit-taking and reentry opportunities.

As Cointelegraph recently reported, Coinbase has acquired Routefire, a platform for enhanced trade execution, equally part of an endeavor to amend handle periods of meridian crypto trading action.

As of press time, Coinbase has yet to written report any connectivity issues across its substitution platforms. According to its status page, the visitor identified and fixed the root cause of the service disruption experienced on Thursday.

Coinbase is not the simply major exchange to suffer issues during Bitcoin toll rallies. Binance also routinely goes offline when BTC prints major toll gains. Commenting on the problem dorsum in December 2020, Binance CEO Changpeng Zhao remarked that v% Bitcoin price gains are often accompanied by a thirty-times increment in trading volumes, which tin can crusade significant latency bug on the platform.

Bitcoin'due south surge higher up the $41,000 cost mark puts BTC among the top 10 global assets, with a market capitalization exceeding tech conglomerates similar Facebook and Tencent. Above Tesla, Bitcoin will need to exceed the $i trillion market capitalization milestone to overtake the likes of Google and Amazon.

Bitcoin 24-60 minutes price chart. Source: CoinMarketCap

At the electric current market price, Bitcoin is upward more than xl% year-to-date and has increased virtually fourfold since this aforementioned time in 2020.