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Only a paper moon: Bitcoin price briefly shows $870B on CoinMarketCap
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Crypto traders experienced a moment of gush, followed by confusion, when a glitch caused several data aggregators to briefly display enormous gains for Bitcoin (BTC), Ether (ETH) and other cryptocurrencies.
CoinMarketCap and several other price indexes showed the Bitcoin price closing to $900 billion as ETH has shown over $81 billion. The momentary glitch also impacted Cointelegraph’s price indexes.
Hey @CoinMarketCap, you doing ok there buddy? pic.twitter.com/WfXwpSmURU
Displayed numbers didn’t affect the trading prices on exchanges, and the platforms quickly solved the issue. CoinMarketCap explained on Twitter that the data provider is rebooting its servers as part of the remediation plan.
“CoinMarketCap is now back to normal after an issue
Read more on cointelegraph.comAbout this in other media
The bigger picture:7 factors that influenced Bitcoin prices in 2021 and the road ahead economictimes.indiatimes.com /2 years ago
Bitcoin price flatlines as XRP hits $1 with ‘massive’ altcoin move set for 2022 cointelegraph.com /2 years ago
Don't expect retail sell-off to crash Bitcoin price — analyst cointelegraph.com /3 years ago
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