"Bitcoin Price Surges To $66,000 Amid Global IT Downtime"

" Bitcoin Price Surges To $66,000 Amid Global IT Downtime \r\n\r\n \r\n\r\nBitcoin price has seriously recovered from weeks of facing selling pressure which saw its price drop to as low as $53, 500 on July 5 to hit the $66,000 mark at the time of writing this report.\r\n\r\nBitcoin resurgence continues unabated as major institutions worldwide battle with a major Information Technology (IT) downtime affecting Microsoft\u2019s cloud computing service.\r\n\r\nBitcoin price was\u00a0 unaffected \u00a0by the Global IT outage which left major airlines, medical facilities, corporations, and police forces stranded as their daily operations were hindered by the global IT outage.\r\n\r\nGeorge Kutrz, the CEO of Crowdstrike, a Cybersecurity firm gave its two cents about the global IT outage with a post\u00a0 shared \u00a0on his X page.\r\n\r\n\u201cCrowdStrike\u00a0is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, and isolated and a fix has been deployed.\r\n\r\nWe refer customers to the support portal for the latest updates and will continue to provide complete and continuous updates on our website. We further recommend organizations ensure they\u2019re communicating with CrowdStrike representatives through official channels. Our team is fully mobilized to ensure the security and stability of CrowdStrike customers.\r\n\r\nToday was not a security or cyber incident. Our customers remain fully protected. We understand the gravity of the situation and are deeply sorry for the inconvenience and disruption.\r\n\r\nWe are working with all impacted customers to ensure that systems are back up and they can deliver the services their customers are counting on. As noted earlier, the issue has been identified and a fix has been deployed. There was an issue with a Falcon content update for Windows Hosts\u201d\u00a0George posted\r\n\r\nMicrosoft responding to the outage announced the recovery of its 365 apps and services although according to them some individuals might still face residual impact.\r\n\r\nBitcoin price remains unaffected by the global IT outage drawing some admiration from respected persons.\r\n\r\nUnited States Senator Cynthia Lumis took to X to\u00a0 announce\u00a0 her admiration for the resilience of Bitcoin amid such technological turmoil.\r\n\r\n\u201cDo you know what form of currency hasn\u2019t been affected by widespread cyber outages? Bitcoin. Vires in Numeris\u201d She tweeted\r\n\r\nBitcoin at $66,000 represents a 4.0% increase in price value in the last 24 hours according to CoinGecko data.\r\n What To\u00a0Know \r\n \r\n \t The possibility of using Bitcoin as a strategic reserve asset in the United States is gathering steam. The anticipation was further fueled by Donald Trump\u2019s proposed appearance at the Bitcoin conference slated to be held in Nashville on July 27. \r\n \t Bitcoin price has recovered from the massive selling pressure heaped on it by the German government selling approximately 50,000 BTC it seized from Movie Piracy Movie 2k. \r\n \r\n "

"Bitcoin Price Surges To $66,000 Amid Global IT Downtime"

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