Bitcoin price struggles to reclaim $70K as community deems Coinbase an impediment

Bitcoin price tagged the $70K milestone on Coinbase, among other exchanges before a quick retraction. Coinbase exchange crashed for the third time as BTC skyrocketed to new highs. Community members call out the trading platform, citing manipulation. Bitcoin price remains bullish, forging north to record a new all-time high onCoinbase Exchange. However, a recent incident on this trading platform has sparked speculation of manipulation.

According to the Bitwise executive, the thing to watch is how these crashes will impact the reputation of Coinbase, its heft as the largest US-based crypto exchange notwithstanding. It's a bad look for sure. But will it change anything for their business? On an immediate basis, I doubt it. Coinbase crashed all the time in past bull markets, yet it still grew like crazy. That's actually a theme through internet history.

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