---
title: "Bitcoin eyes $67k amid CrowdSpark outage debacle"
url: https://diffcoin.com/bitcoin-eyes-67k-amid-crowdspark-outage-debacle/
description: "While traditional systems raced to resolve the CrowdSpark outage, Bitcoin and the cryptocurrency market climbed upward."
published: 2024-07-19
updated: 2024-07-19
author: "Mila"
site: "Diffcoin"
---

# Bitcoin eyes $67k amid CrowdSpark outage debacle

While traditional systems raced to resolve the CrowdSpark outage, Bitcoin and the cryptocurrency market climbed upward.

Decentralized technology once again made a case for itself on Friday as a global IT outage disrupted banks, media, travel, and a litany of everyday operations.

Web3 markets boomed as Web2 activity slowed to a crawl in some parts of the world, with over 150 million people reportedly affected. Pro-crypto U.S. Senator Cynthia Lummis leveraged the situation to remind the public of Bitcoin’s (BTC) ability to run seamlessly and bypass centralized points of failure.

> Do you know what form of currency hasn’t been affected by widespread cyber outages? Bitcoin.
> 
> Vires in Numeris
> 
> — Senator Cynthia Lummis (@SenLummis) [July 19, 2024](https://twitter.com/SenLummis/status/1814321936903586264?ref_src=twsrc%5Etfw)

## Bitcoin hits one-month high

The total cryptocurrency market was up over 3% and grew to $2.5 trillion for the first time this month. The widespread market uptick propelled Bitcoin above $66,500, a one-month high. Solana (SOL) led market gains among the top 10 cryptocurrencies by market cap. SOL surged more than 9% to reclaim $170, while Ethereum’s (ETH) 3% price bump took the asset to $3,500.

![Bitcoin eyes $67k amid CrowdSpark outage debacle  - 1](https://crypto.news/app/uploads/2024/07/BTCUSDT_2024-07-19_19-02-31.png)

BTC up as CrowdSpark outage rocks the globe

PAAL AI Launchpad claimed the largest gains of any cryptocurrency market on Friday. Data showed that the sector boomed by over 103% and was rising at press time.

Ecosystems like TRY Stablecoin, Decentralized Identifier, Farming-as-a-Service, and Pump.fun memecoins also rose at least 20% as the digital asset market enjoyed a green day. Conversely, the S&P 500 and global stock markets slid slightly due to the CrowdSpark debacle.

> It seems as if there is a global outage with several IT systems down. Airlines, banks, emergency responders & media outlets.
> 
> But [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) keeps working.
> 
> Block by Block.
> 
> — Nic (@nicrypto) [July 19, 2024](https://twitter.com/nicrypto/status/1814218914013790304?ref_src=twsrc%5Etfw)

[Source link](https://crypto.news/bitcoin-eyes-67k-amid-crowdspark-outage-debacle/)