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#Crypto: Coinbase and CoinMarketCap briefly display erratic cryptocurrency price action

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“#Crypto: Coinbase and CoinMarketCap briefly display erratic cryptocurrency price action”

‘My Coinbase account is up almost $59 Billion in less than 5 minutes. I quit my job and i’m free for the next hour,’ a Twitter user wrote

Prices for several cryptocurrencies turned erratic briefly on the crypto exchange Coinbase and the crypto price-tracking website CoinMarketCap Tuesday afternoon.

At Coinbase.com, Binance Coin was indicated at more than $2 billion, while the cryptocurrency’s actual price is around $527. On CoinMarketCap.com, Shiba Inu
SHIBUSD
was indicated at $22,026 at one point, when it was accurately trading at around $0.000034.

The issues have been resolved on both platforms, Coinbase and CoinMarketCap stated. The companies have yet to disclose the cause or causes of the issues.

Coinbase said that it was “a display issue” that “did not impact trading.” Some customers earlier had seen inflated values for nontradeable crypto assets on Coinbase.com and Coinbase Wallet, it stated in a tweet.

Several users have tweeted about the issues they experienced and lampooned the experience of seeing drastically inflated values in their Coinbase wallets.

Frances Yue

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