Bitcoin cuts two-month low in the track of cryptocurrency exchange hack

Bitcoin cuts two-month low in the track of cryptocurrency exchange hack
Jun 13, 2018 12:05 PM By: Art Vasquez | 1635 Views

Bitcoin edged moreover on Wednesday following its opening drop after the weekend news that South Korean cryptocurrency exchange had been hacked.

Other significant cryptocurrencies also declined markedly.

Bitcoin exchanged as low as $6,455.91 early on Wednesday Asia time, its weakest level since April. Bitcoin stripped some of those losses to trade around $6,550.76 by 11:40 a.m. HK/SIN, according to CoinDesk.

Bitcoin had happened around 10 percent over the weekend following news that South Korean exchange Coinrail had been hacked, with some lesser-known cryptocurrencies such as Pundi X counting amongst those affected. Bitcoin, however, was not specified by the exchange in its statements, according to Google translate.

Over the last 24 hours, Bitcoin has witnessed a dip of more than 4 percent, according to CoinMarketCap. So far in 2018, the cryptocurrency is under more than 50 percent.

Chart investigators have shown that bitcoin's move below the $7,000 mark suggested a quick recovery was unlikely.

As for other crypto assets, the last day has shown challenging.

Ethereum, the second-largest cryptocurrency by market capitalization, was down about 6 percent in the last 24 hours, CoinMarketCap data presented. Ethereum stood at $499.54 at 11:40 a.m. HK/SIN, according to CoinDesk.

Ripple was also below by approximately 6 percent in the last 24 hours, according to CoinMarketCap. It exchanged at 56 cents at 12:15 p.m. HK/SIN.

#Hack #Coinrail #Bitcoin cuts #Pundi

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