<p class="is-style-lead">While traditional systems raced to resolve the CrowdStrike outage, Bitcoin and the cryptocurrency market climbed upward.</p> 
<p>Decentralized technology once again made a case for itself on Friday as a <a href="https://crypto.news/did-global-it-outage-affect-crypto/" target="_blank" data-type="link" data-id="https://crypto.news/did-global-it-outage-affect-crypto/" rel="noreferrer noopener">global IT outage</a> disrupted banks, media, travel, and a litany of everyday operations.&nbsp;</p> 
<p>Web3 markets boomed as Web2 activity slowed to a crawl in some parts of the world, with over 150 million people reportedly affected.&nbsp;Pro-crypto U.S. Senator Cynthia Lummis leveraged the situation to <a href="https://x.com/SenLummis/status/1814321936903586264" target="_blank" rel="">remind</a> the public of Bitcoin’s (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) ability to run seamlessly and bypass centralized points of failure.&nbsp;</p> 
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   <p lang="en" dir="ltr">Do you know what form of currency hasn’t been affected by widespread cyber outages? Bitcoin. <br><br>Vires in Numeris</p>— Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1814321936903586264?ref_src=twsrc%5Etfw" target="_blank" rel="">July 19, 2024</a>
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<p> You might also like: <a href="https://crypto.news/polymarkets-largest-bet-misses-as-trump-fails-to-mention-bitcoin-at-rnc-speech/"> Polymarket’s largest bet misses as Trump fails to mention Bitcoin at RNC speech </a> </p> 
<h2 class="wp-block-heading" id="bitcoin-hits-one-month-high">Bitcoin hits one-month high</h2> 
<p>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 (<a href="https://crypto.news/price/solana/" target="_blank" rel="noreferrer noopener">SOL</a>) led market gains among the top 10 cryptocurrencies by market cap. SOL surged more than 9% to reclaim $170, while Ethereum’s (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) 3% price bump took the asset to $3,500.</p> 
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  BTC up as CrowdStrike outage rocks the globe
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<p>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.&nbsp;</p> 
<p>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&amp;P 500 and global stock markets slid slightly due to the CrowdStrike debacle.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">It seems as if there is a global outage with several IT systems down. Airlines, banks, emergency responders &amp; media outlets. <br><br>But <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Bitcoin</a> keeps working. <br><br>Block by Block.</p>— Nic (@nicrypto) <a href="https://twitter.com/nicrypto/status/1814218914013790304?ref_src=twsrc%5Etfw" target="_blank" rel="">July 19, 2024</a>
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<p> Read more: <a href="https://crypto.news/uk-advised-to-rebuild-britain-with-5b-bitcoin-trove/"> UK advised to ‘rebuild Britain’ with $5b Bitcoin trove </a> </p>

Bitcoin eyes $67k amid CrowdStrike outage debacle

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