Bitcoin’s Sharp Price Decline Nothing to Do with South Korean Exchange Hack

Home / Bitcoin’s Sharp Price Decline Nothing to Do with South Korean Exchange Hack

The price of BTC has gone through another massive dip this weekend, losing 10% on Sunday and hitting a low of $6,700 (press time). Many traders blamed the recent attack on Coinrail exchange, in which hackers allegedly stole $40 mln worth of cryptocurrency. However, experts suggest that Coinrail is not to blame for the price fall, as it is a small platform with a less than great reputation, therefore its impact on the cryptomarket is minimal.

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