CoinMarketCap bug shows Bitcoin's price at an absurd $789 billion

CoinMarketCap bug shows Bitcoin's price at an absurd $789 billion

Crypto data aggregator CoinMarketCap turned heads on Tuesday evening with a website bug resulting in eye-popping figures for prices, market capitalizations and more.

The bug was live for about one hour and has now been fixed.

In a tweet at 5 p.m. ET, the site's operators acknowledged the pricing issues, saying that "[t]he Engineering team is aware of incorrect price information appearing on [CoinMarketCap]. We are currently investigating and will update this status when we have more information."

According to the website, Bitcoin's market cap appears to be one quadrillion five hundred trillion dollars. It also shows Cocos-BCX in first place on the list, despite a low market cap (even under normal circumstances).

The bug showed skyhigh cryptocurrency prices on the CoinMarketCap website. Image: CoinMarketCap.

"How did it feel to be a trillionaire for a couple hours?" the site, which is owned by crypto exchange Binance, said in a follow-up tweet.

As expected, the bug triggered a wave of social media attention. Some posts on Twitter indicated that TrustWallet, which offers a crypto wallet app, experienced issues in light of the CMC bug.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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