On Friday morning, CoinGecko, one of the world’s top cryptocurrency tracking websites, experienced a major glitch. On its website, Bitcoin (BTC) incorrectly lost its position as the world’s largest digital currency by market capitalization to a lesser-known altcoin. The BTC market cap suddenly fell below a token called Relevant (REL) on CoinGecko’s list of top-valued cryptocurrencies.
REL was incorrectly listed at the top of CoinGecko’s most-valued cryptocurrencies as of 07:20 a.m. UTC, with a market cap of $6.5 septillion, which is more than all other assets in the world combined.The glitch also affected the total crypto market capitalization on CoinGecko, with the market cap temporarily growing as big as $7 septillion. The issue was quickly fixed as the website data appeared to be back to normal as of 8:20 am UTC.
The glitch also had an impact on CoinGecko’s overall crypto market capitalization, with the market value suddenly rising to $7 septillion. The problem was quickly resolved, and as of 8:20 a.m. UTC, the website data appeared to be back to normal.
The REL token later surged following the glitch, according to CoinMarketCap, CoinGecko’s major competitor website. According to the website, the coin’s fully diluted market cap is now at $24.7 million, making it the 5,378th most valuable token.
