So I have just heard that the pump or rise in bitcoin value was due to the recent Ransomware attack. And after the recent drop, it makes sense too, I mean the price went up considerably as the demand of bitcoin went up, and now probably they are cashing in their rewards and hence the value is going down.
What do you think?
No.
Two arguments:
1. Ransomware hackers received only about $80,000 in total
2. They used only 3 different bitcoin addresses in total and all of them are being watched. No coins have moved, so they haven't started cashing out yet