How Facebook, Instagram, and WhatsApp downtime affected the crypto market

Facebook, Instagram, and WhatsApp—three major social media sites owned by Facebook—all went down on Monday 4 October just as cryptocurrency or crypto asset prices surged. The three sites went down at 16:36pm (GMT), cutting communications for over 2.5 billion people globally for up to 8 hours.In less than 2 hours, bitcoin (BTC) went up from $47,166 above $49,000, increasing by over...