Spooked crypto investors unloaded $46bn (£34.3bn) worth of cryptocurrencies after the South Korean exchange platform Coinrail announced that it had been hacked over the weekend, prompting bitcoin to drop to a two-month low. Bitcoin prices are currently at $6,757 according to Coindesk, down from around $7,200 earlier on Sunday, which brings this year’s bitcoin recession to more than 50 per cent after analysts have had hopes that bitcoin would more than double in value by the end of the year.
ORIGINAL SOURCE: City AM
