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?
Actually I was just about to open a thread about the hack, but you beat me to it.
Of course this will cause a uproar to the every volatile market again. As we can see the market is going red again. Too bad after we have just started recovery this kind of event happened.
I guess we should be expecting another bloodbath in the next couple of days. Although its just NEM that we have seen being lost here, but I'm sure that we should expect something worst here. Let's see how it goes in the next couple of days. Crossing my fingers.
The market is already slowly healing from the tiny dip, and I personally don't expect any bigger dips in the upcoming days, unless there happens something in Asias market.