Own Any Cryptocurrency? You Were Briefly Filthy Rich Due to a Price Glitch

In the event that you own some cryptocurrency, you might have felt as if you won the lottery on Tuesday afternoon. That’s because the costs for Bitcoin and other digital currencies abruptly skyrocketed to crazy levels.

Unfortunately, the purchase price jump wasn’t real. Instead, a glitch at Coinbase and CoinMarketCap appears to be behind the cryptocurrency surge, deflating the expectations of several cryptocurrency holders.

At one point, the glitch caused the worthiness of an individual Bitcoin to attain over $878 billion. Because of this, cryptocurrency investors abruptly noticed their wallets soar to millions to even trillions of dollars in value.

The glitch also spilled over into other cryptocurrencies, such as Ethereum and Ripple, sending their values up by an astounding 1 million plus percent.

The sudden price rise caused many cryptocurrency holders on social media to create (perhaps jokingly) about becoming rich, and quitting their jobs.

In the meantime, other users immediately suspected something was wrong, and started to question if Coinbase or CoinMarketCap have been hacked.

Coinbase and CoinMarketCap didn’t immediately react to a obtain comment. But both services have published notices on Twitter, notifying users that the purchase price increases weren’t real.

“We’re aware some customers are viewing inflated ideals for non-tradable crypto resources on Coinbase.com and Coinbase Finances. That is a screen concern only and will not impact trading,” Coinbase had written in a tweet.

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