A Rollercoaster Day in the Markets: From Coinbase Outages to Bitcoin’s Wild Ride

Hello, Dear Friends,

Today has been nothing short of a thrill ride in the financial markets, and it’s not even over yet! The excitement levels have been off the charts, and I just couldn’t wait to share the day’s happenings with all of you.

The crypto market went on an absolute tear today, with Bitcoin leading the charge. We watched in awe as it climbed from $61,000 to $62,000, then $63,000, and even hit $64,000. The frenzy was so intense that it caused significant traffic on the Coinbase Servers, leading to outages that left many traders… let’s just say, less than thrilled. But as Michael Saylor advises, trading Bitcoin might not be the wisest strategy anyway.

Despite the hiccups, I’m confident that Coinbase will navigate through these challenges swiftly. After all, Coinbase isn’t just any platform; it’s a regulated, reputable entity that prioritizes the safety of its users’ funds. So, while the outage might have been a hiccup, it’s reassuring to know that we’re dealing with a platform that stands on solid ground.

Bitcoin’s reaction to the Coinbase outage was a swift drop to $58,800, but as I’m writing this, it’s already making a comeback, trading at $61,451. What a day indeed! Even Coinbase’s stock felt the pressure but managed to stay in the green, a testament to the resilience and trust in the platform despite today’s challenges.

Amidst the chaos, some tried to stir the pot with unfounded claims about Coinbase’s affiliations. However, it’s essential to focus on the platforms contributing positively to the crypto space’s regulatory landscape, and Coinbase has been a pioneer in that regard.

MicroStrategy Chart courtesy by Yahoo Finance

In other exciting news, Microstrategy’s stock price touched $1,000 today. It seems that holders might need to get used to seeing four digits more frequently. Following Michael Saylor’s lead, holding onto Bitcoin and Microstrategy shares might just be the golden ticket for the long haul.


On the economic front, the Q4 GDP came in at 3.2%, slightly below expectations but still showing robust economic activity. Meanwhile, the trading volume on Coinbase has been making headlines, with ZachLight noting that Coinbase’s 24-hour trading volume is almost 10% of all its Q3 2023 volume. This level of activity has led to revised price targets for Coinbase, with some now seeing $500 as a conservative estimate.

Anthony Pompliano‘s reflections on underestimating the impact of ETFs on Bitcoin’s price resurgence remind us of the market’s unpredictable nature.

And, in true crypto spirit, a sentiment echoed across social platforms humorously notes that a significant bull run wouldn’t be complete without a Coinbase hiccup.

Indeed, “We’re so back, baby!!!”


As Pamela and I embark on this journey with PamelaDenise.net, today’s market movements remind us of the dynamic and exhilarating world of finance we’re diving into. We’re here for the long haul, ready to navigate the ups and downs with you.

Remember, the financial markets are not a one-way street, but with patience, resilience, and informed decisions, the journey can be incredibly rewarding.

Cuddles, Denise


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