The Bitcoin price has today dropped 12%, taking its year-to-date losses
to an eye-watering 50%, after South Korean exchange Coinrail
warned users it’s reviewing its system due to a hacking attempt.
Meanwhile, rival cryptocurrencies Ethereum and
Ripple are both down over 10% today.
The latest blow comes as the Bitcoin price struggles to find a floor
amid regulatory concerns, dwindling transactions, sky-high power consumption,
and criticism from the world's established financial industry.
However, Bitcoin holders aren't broke yet — overall,
the Bitcoin price is up over 100% on this time last year when
it was trading for less than $3,000.
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