Bitcoin Price Hits $66,000 During Global IT Outage

Bitcoin has rebounded from its recent drop to a six-month low of $53,500 on July 5th, regaining $66,000 and aiming for its March all-time high of $73,700. This revival comes as major airlines, medical institutions, enterprises, and police agencies worldwide deal with a large Microsoft cloud computing IT disruption.

Bitcoin Price Unaffected By Global IT Outage

CrowdStrike blamed a failed “routine software update” for the disruptions. CrowdStrike reassured the public that the event was neither a hack or security compromise.

The corporation then swiftly released a software update that fixed certain PCs. Some systems needed manual reboots and patching, delaying operations.

Microsoft declared the recovery of its 365 applications and services late Friday morning, however some users may still be affected.

US Senator Cynthia Lummis noticed that bitcoin prices were untouched by the IT disruption.

Senator Lummis, a pro-crypto and Bitcoin advocate, said on X (previously Twitter): “Do you know what form of currency hasn’t been affected by widespread cyber outages? Bitcoin. Numeric vires.”



Speculation about Bitcoin being a US strategic reserve asset has grown.

On July 27, former US President Donald Trump will come in Nashville and may proclaim the biggest cryptocurrency on the market as a key to the US economy, boosting Bitcoin prices.


If Bitcoin closes over $67,500, the expert added, the signal may be negated. The cryptocurrency is now worth $66,666, up 5% in 24 hours and 16% in a week.

Maintaining a close above Martinez's level is crucial to prevent a correction on its way to $70,000.


Bitcoin's upward trajectory is solid, but bearish milestones around $67,600, $68,380, and $69,700 may test its price gain.

Bitcoin may find support from its 200-day exponential moving average (EMA), now $62,600, a long-term trend indicator and strong support level.


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