Crypto traders experienced a moment of joy, followed by confusion, when a glitch caused several data aggregators to briefly display enormous gains for Bitcoin (BTC), Ether (ETH) and other cryptocurrencies.<\/p>\n
CoinMarketCap and several other price indexes showed Bitcoin\u2019s price closing to $900 billion as ETH showed over $81 billion. The momentary glitch also impacted Cointelegraph\u2019s price indexes. <\/p>\n
Displayed numbers didn\u2019t 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.<\/p>\n
\u201cCoinMarketCap is now back to normal after an issue that affected our price rankings,\u201d a spokesperson told Cointelegraph, adding that the investigation on the root cause of the glitch is still ongoing:<\/p>\n
\u201cAnd no, we didn\u2019t show you prices from 2026. We\u2019d hold on that Lambo downpayment.\u201d<\/p><\/blockquote>\n
Crypto Twitter was quick to react to the unrealistic price movement with hilarious posts: <\/p>\n
Initial speculation was that hackers caused the displayed prices:<\/p>\n
\u201cEveryone tunes into those disruptions, so to the extent they all use the same data source,\u201d Bosonic founder Rosario Ingargiola explained, continuing, \u201cSo when there\u2019s a problem and prices are really off, that can create herd behavior to drive investment decisions.\u201d<\/p>\n