Robinhood Limits Cryptocurrency Trading Citing ‘Extraordinary Market Conditions’

• Citing "extraordinary market conditions," Robinhood said in a statement that "we've temporarily turned off Instant buying power for crypto."
• Traders can "still use settled funds to buy crypto," however, the spokesperson noted.
• Bitcoin soared nearly 20% in the past 24 hours, per market data from Messari, in part caused by social media attention after Telsa CEO Elon Musk changed is previously blank Twitter bio to a simple "bitcoin."
• Robinhood will be "monitoring market conditions and communicating with our customers."
• Bitcoin is trading hands just above $37,000 at last check.

This is a developing story and will be updated.