Bitcoin Out Of Control Soaring To $ 789 Billion? Error in CoinMarketCap quote

Early on the morning of the 14th, the cryptocurrency quotes of Coinbase, one of the major U.S. cryptocurrency exchanges, and CoinMarketCap, a market information tracking site, were temporarily out of control. I am confused about this situation.

For example, the unregulated situation that occurred at CoinMarketCap was when the value of Bitcoin suddenly reached a value of $ 789 billion. This error has been around for about an hour and is now fixed.

The CoinMarketCap website reported that the issue has been resolved and Coinbase tweeted that the issue has been resolved and the business is unaffected. Trustwallet cryptocurrency wallets and DeFi DeFiChain protocol may also be affected.

Minutes later, Coinbase announced that it was still investigating asset pricing and market issues for the Coinbase Wallet cryptocurrency, but no company could explain why for this unique situation. Coinbase Wallet is a wallet used by exchange users to manage their crypto assets.

Rosario Ingargiola, founder of cryptocurrency clearing and delivery platform Bosonic, said: “We are wary of this impact because everyone is using the same data. This can lead to investment decisions.

The problem of dysfunction has always been a headache in the cryptocurrency world, and many cryptocurrency exchanges often face this problem during times of high economic activity.

CoinMarketCap said in the statement: We find no evidence today that the failure was caused by a third party. In the past, many Internet users on Twitter have speculated that the CoinMarketCap website has been hacked. It should be noted that the parent company of CoinMarketCap is Binance, the world's largest cryptocurrency exchange.

Interestingly, CoinMarketCap then tweeted. How do you feel about becoming a billionaire in a matter of hours?

Coinbase explained in a previous tweet that some users have seen NFT asset prices rise, but these are just disclosure quotes. However, users are still sharing screenshots of rising rates and further increasing balances online.