Bitcoin price has surged to a new all-time high, rising above $20,000 for the first time.
The sudden market jump appeared to cause some cryptocurrency exchanges to struggle. This is due to traders wanting to either cash out or make a quick profit.
Reports of issues with Binance, the world’s most popular bitcoin exchange, coincided with the record price spike. Problems also appeared to hit Coinbase on Wednesday.
Bitcoin is currently trading above $20,500, according to CoinMarketCap, having reached below $5,000 earlier this year.