Twitter, one of the largest social media networks in the world is currently down. As soon as a user tries loading up tweets, a message will be displayed saying: something is technically wrong. At the moment there is no information regarding why Twitter is currently offline. Groups in other social media networks suggest that there could be an issue with the central servers the company operates.
How Could This Affect Crypto Twitter?
Twitter is one of the most popular social media networks for cryptocurrency commentators around the world. Many individuals talk about different issues related to the markets, why Bitcoin (BTC) or other digital currencies fall or expand or they just share their opinion about a wide range of projects in the space.
The problems that Twitter experienced started 25 minutes ago. During such a short period of time, Bitcoin dropped around 1.6% from $11,740 to $11,550. This shows that although it was not a large drop, Twitter can influence Bitcoin price. Indeed, when there is a figure in the crypto space that decides to post a comment regarding a project or a specific announcement, the market tends to react immediately after.
At the moment, users are waiting for Twitter to be available once again. Crypto users can continue their discussions about digital currencies on Telegram groups, a messaging application that is also very popular among crypto traders and the community.
At the time of writing this article, all the top 10 cryptocurrencies are operating negatively. The most affected one has been Bitcoin Satoshi Vision (BSV) with a price drop of over 12.8% in the last 24 hours, according to CoinMarketCap. This virtual currency has been followed by Tron (TRX) with a price decrease of almost 12%. Meanwhile, Bitcoin Cash (BCH) fell 10.4% during the same period of time.
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During the last years, CryptStorm has been writing different new, guides and information about virtual currencies and blockchain companies. One of the most popular is Coinbase.
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