BITCOIN took another tumble last night with prices falling from $6,721 to $6,623 a fall of $98.
$17 Billion Deleted From Cryptocurrency Market in 24 Hours as Ethereum Falls 7%
Prior to the Bithumb hack, the cryptocurrency market had shown significant momentum, as Bitcoin rebounded from $6,300 to $6,700. But, the breach of the most widely utilized digital asset trading platform in South Korea, the third biggest cryptocurrency market behind the US and Japan, led investors to panic, even though the outcome was not particularly detrimental.
ETH, in a strong downward trend, could mean that its decline could be prolonged to the higher end of the $400 region, from the current price of ETH at $503.