A very red day!
As bitcoin fell so did the whole market. Some more then others but on average 12%. Are there any reasons for this very red day? It has to do with the Bithumb hack.
While the full details of the hack are still being clarified, Bithumb has said there will be “no damage” to its customers, yesterday confirming it will reimburse affected users. The exchange says it is working closely with the Korea Internet & Security Agency (KISA), the Korean Ministry of Science and Technology (MIC), the national police and others to investigate the theft, and says it will undertake “systematic measures” to prevent a repeat of the incident.
The total marketcap dropped 26 billion today. Some people out there are panicking and saying (again) "crypto/bitcoin is dead!" Don't believe them, because as we see it bitcoin held its main support. Again and again it has proved that it stands its ground, this indicates that the selling power is almost over. The only way that this support can be broken is a hack or terrible news of some kind. This is very unlikely and soon you guys will see recovery again.
DISCLAIMER :
We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading signals are purely informational.
While the full details of the hack are still being clarified, Bithumb has said there will be “no damage” to its customers, yesterday confirming it will reimburse affected users. The exchange says it is working closely with the Korea Internet & Security Agency (KISA), the Korean Ministry of Science and Technology (MIC), the national police and others to investigate the theft, and says it will undertake “systematic measures” to prevent a repeat of the incident.
The total marketcap dropped 26 billion today. Some people out there are panicking and saying (again) "crypto/bitcoin is dead!" Don't believe them, because as we see it bitcoin held its main support. Again and again it has proved that it stands its ground, this indicates that the selling power is almost over. The only way that this support can be broken is a hack or terrible news of some kind. This is very unlikely and soon you guys will see recovery again.
DISCLAIMER :
We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading signals are purely informational.
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