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5/4, 4:46 PM (Source: TeleTrader)
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Robinhood crashes as Dogecoin soars 50%

Robinhood financial services app reported on Tuesday it has been experiencing issues with cryptocurrency exchange due to high crypto trading volumes. The status of Crypto Trading Operations was marked as "Partial Outage" on the company's website.

Meanwhile, Dogecoin cryptocurrency spiked up nearly 50% before crashing back down after Robinhood halted crypto trading. Additionally, Ethereum cryptocurrency hit an all-time high earlier, reaching a benchmark of $3,500.

Bitcoin traded 4.05% lower selling for $54,878 at 10:42 am ET, while Ethereum lost 0.98% exchanging hands for $3,400.

Breaking the News / LH