Bitcoin Maintains 99.98% Uptime As Microsoft Outage Hits Systems Globally

Global service providers are currently experiencing an outage due to a bug in a new update by software company CrowdStrike, but Bitcoin still stands strong, with little to no losses in its 24-hour trading data and a 99.98% uptime since its inception.

The ongoing service outage primarily affected Microsoft Windows systems, with Mac and Linux host networks remaining unscathed. 

Microsoft’s Service Outage

The Microsoft systems outage affected multiple companies across several industries, including broadcasters, airports, banks, and emergency services. The issues began late Thursday, and Microsoft tweeted that it was investigating the problem, which impacted users’ ability to access its apps and services.

According to data from service outage tracking platform Downdetector, there have been 978 outage reports linked to Microsoft’s issue in the past 24 hours although the reports had reduced to 210 by the time of writing.

Financial services institutions, especially neobanks, experienced outages, while airports around the world faced disruptions leading to grounded flights. Multiple U.S.-based emergency service centers and some UK transportation firms like Southern Railway reported network issues that caused short-notice cancellations.

X updates from Microsoft and CrowdStrike’s CEO revealed that the issue is being fixed. Microsoft said multiple services are experiencing “improvements in availability.” CrowdStrike’s CEO and president, George Kurtz, clarified that the issue was not caused by a security breach or cyber attack; the firm’s team has identified the problem, isolated it, and deployed a fix.

Bitcoin Maintains 99.98% Uptime

Once again, the CrowdStrike and Microsoft outage saga underscores the need for a non-failing decentralized system like the Bitcoin network. The traditional sector has experienced multiple downtimes over the past years, while Bitcoin has only witnessed two since its launch in 2009.

Bitcoin’s first downtime was on August 15, 2010, and its second was on March 11, 2013. To date, such incidents have not recurred, highlighting the network’s reliability.

CrowdStrike-Themed Memecoins Emerge

Meanwhile, crypto community members have launched several memecoins linked to the incident on the Ethereum and Solana networks.

The Blue Screen of Death (BSoD) token, inspired by the infamous Microsoft Windows Blue Screen of Death, is trading on both Ethereum and Solana, while CrowdStrike (STRIKE) is only on Ethereum. These tokens are seeing a rapid rise in liquidity.