Bithumb was hacked yesterday and the news has been spreading in the major media for at least 14 hours now based on the article times[1].
price however has not shown any reaction to the news and on top of that in the past 14 hours we have had a rise. granted it was a small rise but still it reached $6841 a couple of hours from this news.
is this a good sign that we have reached the absolute bottom?[1]
https://www.ccn.com/breaking-south-korean-crypto-exchange-bithumb-hacked-thieves-steal-30-million/Bithumb got hacked, made the announcement and the price went down.
Today Tether published an half backed audit to claim that all is fine, and the price went up.
So for these 2 days price action was totally news driven.
If you don't believe me, check the time of Tether's announcement via twitter and the BTC price getting pumped.
Today's price rise has nothing to do with yesterday's hack. Two different events.