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Bitcoin: a bug turned all cryptocurrency holders into billionaires for a brief period!

CoinMarketCap, one of the most popular cryptocurrency quote aggregators, has recently been hit by a serious bug. 

The site displayed completely incorrect valuations for a few minutes. For example, the most valuable currency on the market, Bitcoin, was valued at over $ 778 billion. After soaring above $65,000, the price of Bitcoin is now hovering around $48,000.

This is true for all digital currencies listed on CoinMarketCap as well. Ether, the second digital currency on the market, was valued at more than $ 9 billion when it was first listed, but its price has remained stable at around $ 4,000 since then. Finally, everyone who invested in digital currencies found themselves at the helm of a massive fortune. Only stablecoins such as Tether's USDT and Circle's USDT were spared from the massive bug.

Bitcoin: a bug turned all cryptocurrency holders into billionaires for a brief period!
Bitcoin

THE PRICE OF CRYPTOCURRENCIES HAS INCREASED TO BILLIONS OF DOLLARS DUE TO A BUG.

The existence of default was quickly confirmed by CoinMarketCap. "Following the anomalies discovered on our platform this afternoon, we will restart our servers as a final step following our internal remediation plan, even though the problem has been resolved." The website states, "Please accept our apologies for any inconvenience." "What was it like for a few hours to be a trillionaire?" "How did it feel for a few hours to be a trillionaire?" the platform joked on its Twitter account after the incident.

It's worth noting that many services rely on CoinMarketCap and its API to display real-time prices. De facto, dozens of websites and services displayed exorbitant prices for a brief period. This is especially true of Coinbase, one of the most popular cryptocurrency exchange platforms in the world, CNBC, TrustWallet, a popular digital wallet, and Yahoo Finance. The latter, on the other hand, saw a drop in value, with a Bitcoin at $ 30,000.

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