Bitcoin come back again
Why Bitcoin make a come back, after South Korean exchange hacked.
- Bitcoin declined on Wednesday after a South Korean exchange hack was reported.
- But by the same evening the digital coin bounce back.
- There are two crypto currency traders who explain why this happened.
CHARLIE LEE, the founder of Litecoin, A global decentralized currency based on block Chain technology, said it was to be expected.
Lee said Whenever there's a exchange hack, people get scared and the price drops, He said, "this happen all the time ."
Also whenever there's some bad news like exchange hack, the price drops like 5%. Lee said that 5% is a lot in stock market world it's like nothing in crypto space