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 best way to find the best answer is to look at the 24-hour bithump volume on the coinmarketcap website and compare it to the market cap of the market. They cannot trade on the exchange, they cannot trade so the risk that they sell BTC cause BTC decline is not high