Bitcoin price crashed down below $7,000 after the South Korean cryptocurrency exchange Coinrail was hacked over the weekend. The cyber attack sent BTC/USD down by approximately 10%. Currently, the digital currency is trading at close to $6,730, near its two-month low.
BTC/USD Crashes Below $7,000, On Bearish Trend
On Monday morning, Bitcoin price continued to trend downward following the latest cyber intrusion, which caused a loss of about 30% of the coins traded on the Coinrail exchange. Bitcoin price fell more than 10% as a result, now trading near a two-month low. Its price is down …
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