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Coinmarketcap is showing BTC price $800B USD

9 points by john37386 ↗ HN
The live Bitcoin price today is $814,432,645,419 USD

Why is coinmarketcap showing btc price at $814B?

https://coinmarketcap.com/currencies/bitcoin

9 comments

[ 3.0 ms ] story [ 32.6 ms ] thread
TinyRick
I wonder if they run a Java stack and were vulnerable to log4j.
cyanydeez
And someone was afraid if they steal and sell
adflux
I think were witnissing a major hack/breakdown of the space.

Wouldnt be surprised to see a big crash now.

Seems like hackers found a way to manipulate the rates. Let's see if they found a way to get their ill gotten gains off of the many platforms affected by this.

jstx1
It has happened before; it's much more likely to be a bug than a hack. No way a glitch like this causes an actual crash.
nostrademons
Bug in CMC, presumably. Coinbase Pro has it at $48,273. Y!Finance has it at $32,402.18, down 30%, but they source their data from CMC.

The only price that matters is what you personally buy/sell at.

mtmail
"This is a display issue only and does not impact trading" https://twitter.com/CoinbaseSupport/status/14708761525038039...
TinyRick
Not sure that I agree that it "does not impact trading" since so much trading is done by bots / algorithms these days. Bad data definitely impacts trading.

I think what they mean is that no one can actually sell for these inflated prices, since each trade requires two parties, and no one is buying at these prices.