NAIROBI (CoinChapter.com) — Facebook crashed to an all-time high on Tuesday as Bitcoin briefly reached new highs above $69,000. The widespread outage affected Meta-owned Facebook, Instagram, Messenger, and Threads.
In a seemingly unrelated event, the value of Bitcoin briefly surpassed $69,000, hitting a new record high. This surge was followed by a sharp decline, with the cryptocurrency trading at $66,942.51. Despite the downturn, bulls seem poised to continue pushing the prices of digital assets higher.
Sites Decrease, Bitcoin Increase
Reports of Facebook-related service errors began to surge around 9 a.m., according to DownDetector, a website that tracks online outages. Users around the world have reported being unable to access the platform or experiencing severe delays and errors. Meta has not yet released an official statement on the cause of the outage or an expected timeline for recovery.
Facebook crashes. Source: X
Bitcoin, by contrast, has surged to dizzying new heights, surpassing its previous all-time high of $68,990 set in November 2021. This volatility has not dampened the spirit of Bitcoin enthusiasts, who see price adjustments as a natural part of the cryptocurrency. travel. In contrast, the outage of the Meta platform became the butt of jokes among Twitter users, highlighting the contrasting fortunes of the digital currency and the social media giant in this tumultuous day.
Reasons and Impact
The root cause of Facebook outages remains unclear, but cases of this magnitude often stem from network infrastructure issues. Historically, extended downtime can have a significant impact on businesses and individual creators who use the platform.
The Facebook outage and Bitcoin’s roller coaster price swings are timely reminders of the unpredictable forces at work in the digital landscape. As technology platforms and investment vehicles continue to evolve, it becomes increasingly important to stay informed about potential disruptions and market changes.