Few hours ago i read on CNN that one of the world's largest cryptocurrency Exchange site was hacked and the thieves got away with $30million dollars worth of cryptocurrency. According to the news, the news of the theft at the exchange hit the prices of cryptocurrencies. Bitcoin fell around 2%.
What is your view. Will it affect all altcoins too?
the first greatest effect on bitcoin as the primary reference of cryptocurrency , for altcoin itself is highly dependent on bitcoin when bitcoin moves then altcoin also they are like a domino that touch each other, I think news like burglary on the exchanger is quite common, but it does not really make a big efect on the market because it does not integrate with the law of the market directly. but reduces the level of trust by crypto users against the use of crypto user