Bitcoin Surge to $500,000: A False Alarm Sparks Chaos & Speculation

A shocking price jump for Bitcoin, reaching an unprecedented $500,000 on one exchange, Bitget, sent shockwaves through the crypto market. While this event briefly sparked widespread speculation and a surge in online activity, most experts believe this was a technical glitch rather than a significant market shift. Traders scrambled to capitalize on potentially lucrative arbitrage opportunities, only to find sell orders failed to execute leaving many investors frustrated. 72 hours after this incident, Bitget has yet to issue a statement regarding the cause of the price spike, fueling further speculation among market participants.