Today there was another dip in prices of a major part of cryptocurrencies. And around the same time a big Japanese exchange was hacked and 400 million dollars worth of NEM stolen. It's obvious this caused the dip in NEMs price, -9,50%, but did the same hack cause the dip of the entire cryptomarket? Within 6 hours the entire marketcap lost 50 billion dollars, it has to do something with the hack right?
Yest it did, while the most affected has to be NEM of course, the whole market is going to suffer, according to the reports this is the biggest hack ever, in some sites they are talking about more than 500 millions and in others about 600 millions this is huge, and this shakes the confidence of the public in cryptocurrencies even if it seems the exchange was at fault.