Bitcoin at 2-month low after South Korean exchange hacked

Cornelia Mascio
Giugno 13, 2018

According to Bloomberg, the price of Bitcoin dropped nearly 12% since the end of the workweek last Friday, and most other major virtual currencies fell as well, sending the market value of digital assets to a two-month low of $298B, down from about $830B in January.

Bitcoin was trading at $6,780 yesterday, down from over $7,500 before the weekend, according to Coindesk, which monitors its prices.

The price of bitcoin has fallen to a four-month low of $6,370, days after South Korean virtual currency exchange Coinrail said hackers had stolen over $37 million, or nearly a third of the virtual currency it had stored.

The South Korean coin exchange Coinrail was hacked over the weekend, causing a loss of about $42B in market value, and a real headache for some of the currencies longing for the good times of 2017.

South Korea has seen a craze over cryptocurrencies, prompting authorities to frame stern-regulations.

Cryptocurrencies still are popular, especially with young investors.

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