Bitcoin moves past $49K as Facebook, Instagram and WhatsApp go down

Major social media and communication platforms Facebook (NASDAQ:), Instagram and WhatsApp went offline Monday as the price of and other cryptocurrencies surged.

As data from Cointelegraph Markets Pro shows, Bitcoin (BTC) price moved above $49,000 after falling to a daily low of $47,166, an increase of roughly 4.5% in less than two hours. Similarly, the price of Ether (ETH) rose 3.5% over the same period to reach $3,411 at the time of publication.

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