Crypto and Web3 Remain Unfazed Amid Microsoft Outage
The financial market has faced headwinds today following a glitch from tech giant, Microsoft. This has seen institutions like the London Stock Exchange, airlines, and banks face severe impacts. However, crypto markets and exchanges remain clear with positive comments from the industry.
Crypto Market Remains Unfazed
The glitch rocking financial institutions has yet to leave a trail on the crypto market. At press time, major crypto exchanges, DeFi projects, and protocols remain active with increasing volumes. Crypto executives have pointed to the underlying value of blockchain technology amid pushback from financial intermediaries. However many fear for the impact on wider economic sentiment a stock plunge might limit the market’s momentum.
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