Thomas Daniels
As traditional systems scrambled to address the CrowdStrike outage, Bitcoin and the broader cryptocurrency market experienced significant gains.
On Friday, decentralized technology demonstrated its resilience when a global IT outage disrupted banks, media, travel, and numerous other sectors. The Web3 markets flourished as Web2 activities decelerated in various regions, affecting over 150 million people. Pro-crypto U.S. Senator Cynthia Lummis highlighted Bitcoin’s (BTC) seamless operation and its ability to circumvent centralized failures during this period.
Bitcoin Reaches One-Month High
The total cryptocurrency market surged by over 3%, reaching $2.5 trillion for the first time this month. This broad market rally pushed Bitcoin past $66,500, marking a one-month high. Among the top ten cryptocurrencies by market cap, Solana (SOL) led the gains, soaring more than 9% to reclaim $170. Ethereum (ETH) also saw a 3% increase, bringing its price to $3,500.
PAAL AI Launchpad reported the largest gains across the cryptocurrency market on Friday, with data indicating a surge of over 103% that continued to rise at press time. Other ecosystems, including TRY Stablecoin, Decentralized Identifier, Farming-as-a-Service, and Pump.fun memecoins, also saw increases of at least 20%, contributing to a broadly positive day for digital assets. In contrast, the S&P 500 and global stock markets experienced slight declines due to the CrowdStrike outage.
