Bitcoin Price Watch: Currency is Unmoving at $6,700
At press time, the daddy of cryptocurrencies has not moved and stays at $6,700, which is the place it has been for numerous days, now.
This is every good and unhealthy in a approach. On one hand, bitcoin refusing to develop in worth or get any larger is under no circumstances an incredible issue; the market entails a standstill, and merchants lose out on incomes income.
Alternatively, considering bitcoin’s pricey drops over the previous two weeks, the reality that it has managed to take a seat down on its laurels and dig its heels into the underside is a optimistic sign, significantly considering the foremost hack that’s taken place over the previous 24 hours.
That’s correct, folks. It’s occurred as soon as extra. Following the Coinrail hack remaining week that is nonetheless partially being blamed for bitcoin’s first charge to $6,700 from $7,600, Bithumb – the sixth-largest cryptocurrency change in South Korea by market capitalization – has been attacked by hackers, which has resulted throughout the disappearance of over…