No , you ’re not a trillionaire . But you ’d be forgiven for colly your trousers when you took a peep at the price of your favorite cryptocurrency investment on CoinMarketCap on Tuesday afternoon .
CoinMarketCap mash the dream of crypto investors around 5 autopsy ET on Tuesday when it explained in a tweet that the shocking parachuting in price of a multifariousness of cryptocurrencies was due to “ monetary value issues ” and was n’t real .
“ Our website is currently undergoing Price Issues , ” the company tweet other Tuesday even . “ We are currently investigating and will update this status when we have more data . ” As such , it ’s currently unclear whether this was a security incident or plainly a bug . We ’ve reached out to CoinMarketCap for an explanation .
Photo: Leon Neal (Getty Images)
https://twitter.com/embed/status/1470876283924094983
It appears as though the price of every coin jumped by several orders of magnitude , with the Mary Leontyne Price of a exclusive Ethereum coin , for model , go up to more than $ 500 billion ( Real toll : Around $ 3,800 . ) Bitcoin , meanwhile , jump out to around $ 789 billion . That put Bitcoin ’s market cap at somewhere between a quadrillion buck and the Moon .
Between the time the take first appeared and it apparently being fixed — apparently , a couple of hour , according to CoinMarketCap and societal media activity — multitudinous crypto bros saw their net worth rocket into Elon Musk territory .
My Coinbase report is up almost $ 59 Billion in less than 5 minutes . I quit my job and i ’m loose for the next time of day . AMA#Coinbase$bsv#Cryptopic.twitter.com / InOkwHOTdH
— Fren 👽 🛸 ( @neo112011)December 14 , 2021
Sadly , false dreams of trashing the boss ’s federal agency and buying a libertarian island paradise off the glide of New Zealand were quickly pall . And CoinMarketCap was so kind as to bemock the wannabee with play , cool tweet .
How did it feel to be a trillionaire for a couple hours ? 😂
— CoinMarketCap ( @CoinMarketCap)December 14 , 2021
While CoinMarketCap is cause a sublime ol’ time , it ’s obviously not clear how many people cashed out somehow cerebrate the price of the Shiba Inu crypto had really jumped to over $ 22,000 when , in reality , its cost is presently $ 0.00003365 per coin . Hopefully , most investor checked the real exchange charge per unit before blowing all their , uh , knockout employment ( ? ) because of a screw-loose site .
BitcoinCryptocurrencyEthereum
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