During Tuesday and early Wednesday morning they showed millionaire quotes for the queen of crypto
The prices of cryptocurrencies traded on Coinbase Global Inc. and popular data provider CoinMarketCap.com went haywire on Tuesday, with many tokens showing astronomical gains that had users talking about huge windfalls and others wondering what was there. last. At one point, the price of bitcoin appeared to exceed 7 million dollars, while ethereum showed more than 600,000 dollars.
The problem has been resolved, CoinMarketCap.com has assured in a statement, despite the fact that at dawn on Wednesday, the failures still persisted and both the prices and the increases shown by the data provider are erratic and vary with each update.
Coinbase, the largest cryptocurrency exchange in the United States, explained the same on Twitter on Tuesday, noting that trading has not been affected. A few minutes later, Coinbase said that it is still investigating asset prices and trading difficulties in the Coinbase Wallet, which allows clients to manage their crypto assets. Neither company gave an explanation for the origin of the failure.
“We have not yet found any evidence to suggest that today’s failure was caused by an outside party,” CoinMarketCap.com said in a statement, while many on Twitter speculated that the site had been hacked. CoinMarketCap.com is owned by Binance, the world’s largest cryptocurrency exchange.
Coinbase earlier said in a tweet that some customers were seeing inflated values for “non-tradable” crypto assets and that it was a display issue. Still, customers were circulating screenshots of earnings and their suddenly swelling balances online.
CoinMarketCap joked about the matter on its Twitter, while some users said they almost had a “heart attack” upon seeing the abnormal prices. The data server announced a reboot of its systems through a post on the social network.
Some also joked that the inflated prices showed where the crypto will be in the year 2026 or 2030.