Tether Caused Some Technical Glitches on CoinMarketCap

Home / Tether Caused Some Technical Glitches on CoinMarketCap

This Friday, the largest cryptocurrency market cap ranking website experienced some malfunction, which resulted in an artificial overstatement of the prices of several coins, some were overestimated by almost 1000%. Thus, the price of BTC went up by 12%, other altcoins such as Aeternity and Bitcoin Diamond went up by 951% and 876% accordingly. The reason for this was a price calculation error on Tether which caused any listing with a Tether market to become artificially inflated.

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