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].
the 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/Seems like Bithumb has noticed hack act since 4 days ago when they were transferring all of the assets to cold storage, or maybe it just lucky move. https://twitter.com/BithumbOfficial/status/1007873716758327296?s=19
However, what we do know is; hackers stole XRP worth $31 Million, two facts: it's not bitcoin and the amount isn't so big to bring Bithumb down, they assure to cover all the losses. So, why bitcoin would be affected if the stolen coin was XRP? it's a minor loss.
Bitcoin price is $6750 atm