Turns out that sudden dump yesterday was from a hack
You know that dump we hit yesterday? According to cointelegraph that was due to a hack on the 6th largest exchange Bithumb
All of the top ten cryptocurrencies by market cap are seeing losses of between 1 and 8 percent.
According to representatives from the Korean fraud detection project Sentinel Protocol, Bithumb’s hot wallet was hacked on the night of June 19.
https://cointelegraph.com/news/crypto-markets-see-red-after-hack-of-world-s-sixth-largest-crypto-exchange
It is honestly a little frightening that one hack could effect the market like that. I wonder what is going to happen next.
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