Bitcoin surges by +400%, hits $30,000 on Coin Stats, causing people to ‘spill drinks’ and have ‘mini heart attacks’ - BitCoin News

Sunday, May 5, 2019

Bitcoin surges by +400%, hits $30,000 on Coin Stats, causing people to ‘spill drinks’ and have ‘mini heart attacks’

People around the world have become millionaires overnight due to the sudden surge in Bitcoin’s price; this recent incident caused a lot of people to have that same feeling although it was ephemeral and not true.
Coin Stats, a crypto portfolio website, and its application showed that Bitcoin price hit $30,000 after surging by 418.76%. The market cap of Bitcoin hit $0.5 trillion [534 billion] after this shocking surge of Bitcoin. Surprised users of Coin Stats posted tweets and Reddit posts about the same:

A Twitter user @GregCherry tweeted:
“I just got an alert on my Coin Stats app that #Bitcoin had increased 394.09%, then I opened the app and see the price is at $30,224 … talk about a wtf moment!”


This is not the first time, there was a glitch on Coin Stats, the price of LINK, the 39th largest cryptocurrency [according to CoinMarketCap], almost doubled due to another glitch.
A Reddit user @hodlamd, posted a thread about the same.
“That’s the price Koreans are trading Links at right now on their exchange.”
The users contacted Coin Stats on Twitter and the only reply that was given was:
“We are sorry about it. It took few moments before our systems marked the exchange sending wrong data and removed”

AMBCrypto contacted Coin Stats to reveal the exchange[s] that was/were sending the wrong data. The story will be updated once Coin Stats replies to our queries.

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