A single bitcoin briefly made some investors ‘quadrillion’ on paper today. Here’s how the crypto community reacted to the erroneous quotes.

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Bitcoin has hit more than a few millionaires in recent years, as its value has risen since its inception over a decade ago, but an apparent display glitch has made investors considerably richer – at least on paper – for some time. time Tuesday.

Crypto sites, including digital asset exchange Coinbase Global COIN, + 1.79% and CoinMarketCap.com, acknowledged issues with posted quotes for some of the most popular cryptocurrencies, including bitcoin BTCUSD , -0.02% and Ether ETHUSD, + 0.02% on the Ethereum Blockchain.

Background: Coinbase and CoinMarketCap Briefly Display Cryptocurrency’s Erratic Price Action

Also Read: Crypto Market Worried About Fed Meeting And High Inflation. Here’s why.

The popular data site CoinMarketCap.com showed a single bitcoin trading briefly at around $ 778,000,000,000, compared to its actual price of around $ 48,000.

One of the founders of dogecoin DOGEUSD, + 2.15%, Billy Markus, joked on Twitter that the snafu made him an “unrealized quadrillionaire”, with the value of the doge also coming in at a price of 194,509 $ of the roughly 19 cents posted on sites like CoinDesk. .

Coinbase displayed an error message on its site for at least some users.

via the American platform of Coinbase

Even stablecoins, which are meant to peg to a fiat currency such as Euro EURUSD, -0.02% or US dollar DXY, + 0.25%, show unusual price quotes.

A single unit of the famous stablecoin Tether was priced at around $ 14 million, when in reality it is supposed to stand at $ 1. Another stablecoin, USD Coin, was listed at around $ 12 million, CoinMarketCap and other sites were showing.

A call to Coinbase representatives was not immediately returned, but the platform indicated via Twitter that it had resolved the issue.

A call to CoinMarketCap was also not returned, but the issue had been fixed on their site at the time of publication.

Some crypto buyers scoffed at their reaction when they attempted to withdraw the inflated funds. And others have joked about the difference between quotes on CoinMarketCap and their actual net values.

The display glitch comes about a week after the crypto faced a flash crash over the weekend that drastically reduced the value of a range of digital assets.

This time around, the problem seems to be almost entirely with erroneous quotes rather than actual price changes in the crypto markets.

Check out: “A Perfect Storm” as Bitcoin stages a weekend crash that puts it on the verge of “blackout.” Here’s what crypto bulls are saying.

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