Popular crypto data platform CoinGecko crashed briefly on March 6th as Bitcoin’s skyrocketing price drove a surge of internet traffic. Bitcoin recently soared to new record highs, nearly reaching $70,000, sparking a buying frenzy that overwhelmed CoinGecko’s website.
As crypto markets rebounded from a plunge that had wiped out over $1 billion in trading positions, investors scrambled to check the latest prices on CoinGecko. However, many were shut out as the website struggled to handle the huge number of users.
On social media, some X users celebrated the outage as a sign of Bitcoin’s booming popularity. “CoinGecko down – Bull Run Vibes!” one person joked. However, others complained that the data platform should be able to cope with heavy demand.
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