This week on Crypto Twitter: Spirit Rises, Coinbase at Record Crypto Prices

Despite seeing a lot of starts and stops, this week has seen the crypto market continue its impressive upward trajectory — and hit a few bumps along the way.

On Monday, a cryptocurrency was sold at a high price 16.03 million dollars At the time of the sale ETH price, the second highest price achieved per piece in the blue chip Ethereum NFT collection. Crypto users marked the occasion. A long struggle The NFT market may be on the cusp of a bull market that is currently driving many cryptocurrencies higher.

That ride got even crazier on Tuesday when Bitcoin briefly surpassed its all-time high Over $69,000. He It was a cathartic moment on Twitter that reaffirmed the faith of Bitcoin advocates who have remained steadfast in their faith through several brutal crypto winters.

Some of Bitcoin's top experts took the opportunity to stick up for haters with no regard for modesty or decorum.

Over the weekend, Bitcoin not only reached another all-time high, but – more 70,000 dollars– But ETH as well 4,000 dollars dried upand Solana briefly punched him. Over $150Causing an outpouring of excitement and buzz throughout the cryptosphere.

Everyone seems to be enjoying the heat, except for Coinbase, which experienced a lot of back-to-back Breakdowns And Failures During the record breaking week.

Some accepted the broken line, joking that Coinbase is not a major price point for crypto unless it is devalued.

Others, however, were less appreciative of their financial services provider's repeated exposure to key transaction events.

It soon became a running joke or a conspiracy theory, depending on the individual, that Coinbase was deliberately throttling the platform to prevent trading during certain periods of market volatility. Closing the business During the 2021 demand explosion at GameStop inventory.

There is no evidence yet to support the claim that Coinbase is deliberately defacing its own platform. The exchange's CEO, Brian Armstrong, said in 2016: He said last week The reason for the outage was an unprecedented increase in user traffic.

Edited by Ryan Ozawa.