On December 14, 2021, the Coinmarketcap glitch witnessed a hike in the prices of cryptocurrencies worth trillions of dollars per coin. Coinmarketcap's bug- the widespread price numismatist in the cryptocurrency industry witnessed price spikes worth trillions of dollars.
<h2>Coinmarketcap Glitch Offers Price Spikes of Cryptocurrencies</h2>
Bitcoin at $850,867,136,053.72, Ethereum at $179,598,602,169.65 and BNB at $33,520,911,478 are the most prominent examples. Stablecoins also positioned itself in this list with USDC showing a price of $42,042,904 and USDT at $69,894,267.23.

Variability in price affected other <a href="https://usanewslab.com/crypto-news/coinmarketcap-glitch-shows-prices-of-cryptocurrencies-in-the-order-of-several-trillions-of-dollars-per-coin/" target="_blank" rel="nofollow noopener">service</a> providers as well. Jax – a cryptocurrency wallet had users who reported to obtain data from Coinmarketcap. The users even reported their fiat balances reaching heights. It is crucial to note that crypto balances still remained in line.

Some websites track cryptocurrency prices and these websites were also reported to be affected. For example, CNBC reflected trillion-dollar spikes in cryptocurrency prices &amp; Yahoo Finance reflected a rise in Bitcoin plummeting worth $30K.

Owing to its peculiarity, everything seems to head towards an API bug. There wasn't any registration of exchange, any abnormality in behavior, or any major price variation. The coinmarketcap team quickly fixed the error just a few minutes after detecting the same.

The Binance-owned <a href="https://www.cryptoknowmics.com/news/binance-to-sign-mou-with-dubai-government-on-crypto-related-activities/">platform</a> is yet to disclose the reason behind such a curious glitch. Having said that, they guarantee their servers will be reset as an additional security feature.

"Witnessing the anomaly, we observed on our platform this afternoon, irrespective of the issue having been solved, our servers will be rebooted with our internal turnaround plan. Apologies for the inconvenience."
<h2>Reaction from the Crypto Community </h2>
The Crypto Community possessing few FunBitcoin's prices did not have a startling reaction during the events. In reality, the daily candlestick closed with an inclination of 3.56%, going from about $46,736 to $48,389. At present, it has been rectified &amp; each <a href="https://www.cryptoknowmics.com/news/the-long-term-bitcoin-solution-of-terawulf-is-attracting-a-list-investors/">Bitcoin</a> is trading nearly $48,000 – and a far cry from the $850 Billion.

Coinmarketcap Glitch Presents Prices of Cryptocurrencies in Sequence to Several Trillions of Dollars Per Coin

On December 14, 2021, Coinmarketcap glitch witnessed a hike in the prices of cryptocurrencies worth trillions of dollars per coin.

Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

Coinmarketcap Glitch Presents Prices of Cryptocurrencies in Sequence to Several Trillions of Dollars Per Coin

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