Very grim sight today on coinmarket with a sharp drop in the top cryptos with only 1 left in the green Nexus, bitcoin itself is currently down 9.59% at the time of writing.
Altogether only 158 out of 1541 listed cryptos were in the left in the green.
I imagine the rumors of Binance being hacked is a big factor but they state that a popular trading bot has been comprised which is a lot more likely than the site itself being hacked.
What this bot did was sold all users holdings and bought Viacoin moving the price from $2.80 > $6.93 within 30mins.
For more info on the binance issue : https://www.financemagnates.com/cryptocurrency/news/binance-suspends-withdrawals-trading-bot-hacked-users-accounts/
Screens: https://coinmarketcap.com
Yes it’s a very grim day all over, cheers mike
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Of all coins to buy why viacoin. And why did i sell ky viacoin a few weeks ago :(
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It is a strange one, perhaps they were big bag holders and had on multiple exchanges before they acted.
your probably lucky you sold i dont think you would have been able to sell in the 30 mins this lasted
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Yeah that is true . probably the develpers haha
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I think it will become more common after many green, and the bitcoin, bch, etherium going down, are cryptocurrencies that have reached a lot of value, mainly the bitcoin that is an overvalued currency, the future of the crypto I think it will be in another currency, that can be regulated and not be used for what is being used the btc, corruption, money laundering, terrorism, drug trafficking among other things, and that is what has also led in part to the overvaluation of the bitcoin that these people buy millions of dollars what makes it go up and overvalue, I bet for another cryptomoneda in the future
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i disagree, bitcoin based on utility and viability for replacing existing systems and with global markets being massively inflated with magnitudes of dept spiraling(1Tril 2001 >250Tril 2018 US alone) is greatly undervalued and as soon as the banks fraud is truly realized all cryptos will gain as they replace the old systems and bitcoin can implement anything from other cryptos that works as most are based on it and its code is open source
the most used currency in the world for those king of nefarious things is FIAT mainly USD Gold and weapons are close after, you cant track any of those bitcoin is transparent and can be traced
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Everything is great in crypto... Only the big sensitivity of the news is the bad thing. When there's a stable coin until we get rid of the anxiety...lol
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