Bitcoin is down nearly 90%, according to the Wall Street cryptocurrency data network, a flaw not seen by other platforms.
According to Arab Net, the Pyth platform was described as having reached the industry level, a term referring to perfection in stability, size and system environment, in which financial giants such as Jump Trading Group, DRW and FTX contribute.
On Monday, the platform briefly stated that Bitcoin is $5,402.
I then tweeted: Engineers are continuing to investigate the cause and a full report is in the works. There have been no further tweets from Pyth on this matter.
Joe Moluzzo, co-chair of Virtu Financial, a Pyth shareholder, said in an interview in June: For a platform like this to work, data must be Something that people can count on.
Things returned to normal on Tuesday, with Bitcoin recently set at $42,000, close to prevailing levels.
Bitcoin's price briefly fell below $40,000 for the first time since August, amid growing criticism from regulators, before rallying as the mood in global markets improved. .
The largest cryptocurrency broke a three-day losing streak, rising 2.9% to $42,132 am London time Wednesday. The price earlier fell 3.2% to $39,625.
Other cryptocurrencies including Ether, Solana and Litecoin have all fallen slightly over the past 24 hours.
