Robinhood Reports Issues with Crypto Trading as Dogecoin Crashes 33 Percent Before Paring Some Losses

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Sun, 05/09/2021 - 05:00

Alex Dovbnya

Robinhood cannot handle the Dogecoin mayhem

Robinhood Reports Issues with Crypto Trading as Dogecoin Crashes 33 Percent Before Paring Some Losses

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Robinhood's cryptocurrency trading systems are once again experiencing a major outage amid Dogecoin's extremely volatile price action.

Dogecoin Tanks as Crypto King Barry Silbert Shorts It Ahead of Elon Musk's "SNL" Debut

The meme cryptocurrency plunged as much as 33 percent during Elon Musk's "Saturday Night Live" episode before paring some of the losses after the billionaire jokingly explained crypto.

DOGE is currently trading at $0.55 on the Binance exchange, down 13 percent since the daily open.

As reported by U.Today, Musk said that Dogecoin was going to take over the world during his sketch but failed to turn the coin green. The billionaire also said that Doge was Maye Musk's Mother's Day gift.

#Dogecoin News

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.