Bitcoin Price: Crypto Crash Blamed on U.S. Probe, South Korea Exchange Hack

Bitcoin Price: Crypto Crash Blamed on U.S. Probe, South Korea Exchange Hack

6 years ago
Anonymous $roN-uuAfLt

http://www.newsweek.com/bitcoin-price-crypto-crash-blamed-south-korea-exchange-hack-us-probes-969043

The crypto markets took a hit on Sunday as the price of bitcoin dropped to its lowest value in two months—from around $7,280 to under $6,700, according to Coindesk statistics.

EOS, Ethereum, Bitcoin Cash, Ripple and Litecoin all suffered minor losses of between 5 and 10 percent this weekend based on metrics from CryptoCompare, another website that tracks the pricing of the major digital coins. Charles Hayter, the founder of the platform, told Newsweek that two reasons for the recent stumble included a recent crypto-exchange hack in South Korea and an article published Friday by the Wall Street Journal which detailed an ongoing market manipulation probe in the U.S.

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