Bitcoin breached 15000 USD

fireddd (32)in #bitcoin • 7 years ago (edited)

Bitcoin today continued it's fall where is broke the 15000 USD support and traded in the 14 thousands .
This has supported the claims of the financial analysts that the bitcoin has entered the bear market whereas the currency has slumped more than 20 % of it's peak value. The believe is that if a entity falls down more than 20% of it's high then it is going into the bear market.Moreover mostly all the cryptocurrency slumped today except ripple which rose more than 30 percent today. This rising pressure is due to the filing of the bankruptcy of the South Korean Exchange following a major cyber hack.It was not the first attack on the exchange this year as the exchange was targeted for the second time by the hackers.Earlier the hackers had stolen assets worth more than $5 million dollars at the time of hack (4000 Bitcoins). However the figure is estimated to be about 17% of the total assets owned by the exchange.This has raised questions on the security and safety of the cryptocurrencies as the attacks on the cryptocurrencies are rising on a daily basis.This has installed fear among the global investors causing a panic reaction which is reflected in the prices.

#steem #cryptocurrency #money #investing

7 years ago in #bitcoin by fireddd (32)

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