CoinGecko pages had been briefly unavailable on Mar. 6 as bullish sentiment engulfed crypto contributors following Bitcoin’s sprint to an all-time excessive the day past.
Some CoinGecko customers reported a short lived downtime on the cryptocurrency information and analytics platform as markets recovered from a dip that triggered north of $1 billion in liquidations on Mar. 5.
CoinGecko was seemingly again up at press time, and crypto social media contributors on websites like X hailed the incident as one other sign of bullish momentum within the digital asset ecosystem.
The platform doubtless skilled a short-lived glitch attributable to visitors surges and elevated utilization on a day when traders purchased the dip. Crypto’s complete market cap jumped 3.5% to $2.62 trillion, in line with CoinGecko.
Whereas the final sentiment leaned towards bullish remarks, some customers had been displeased by the occasion, noting that service suppliers ought to boast higher scaling and operations because the bull market thickens.
CoinGecko shouldn’t be the one platform rocked by skyrocketing visitors intervals this yr. Crypto trade Coinbase additionally suffered outages on three separate events inside two weeks. The phenomenon is to be anticipated as extra customers, particularly retail, flood the crypto market in quest of large features.
Crypto’s worry and greed index suggests market sentiment is even greater than the height of 2021’s bull cycle, the place Bitcoin (BTC) touched $69,000 for the primary time and Ether (ETH) crossed $4,000.
