As cryptocurrencies soared, major social media platforms and communication apps like Facebook (NASDAQ) and Instagram were forced to shut down Monday.

According to data provided by Cointelegraph Markets Pro, Bitcoin (BTCAfter falling to $47,166 daily, the price of Ether () rose above $49,000, which is an approximately 4.5% increase in just two hours. The Ether price (ETHAt the time of publication, ), rose 3.5% to $3,411 from the previous period.