Coinbase, a San Francisco-based cryptocurrency enterprise, experienced an unprecedented surge in online traffic, far exceeding their initial projections by a tenfold increase.

This significant influx of visitors came as Bitcoin's price soared to $64,000 on Wednesday, capturing widespread attention.

Brian Armstrong, the CEO of Coinbase, shared insights into the operational challenges faced by the exchange due to this unexpected spike in interest and demand.

The event highlighted the growing interest and investment in cryptocurrencies, as Coinbase struggled to accommodate the surge, reflecting the broader market's volatility and the increasing mainstream acceptance of digital currencies.