Bitcoin (BTC) went down again after a relief rally, sinking below the $7,000 mark. In the past day, BTC saw another battle of bulls and bears, with movements close to $7,200 and a fight between bulls and bears. Talks of an Upbit hack exacerbated the market fears, as BTC burrowed to $6,976.44.
BTC fell as volumes returned to around $19 billion’s equivalent in 24 hours. Once again, the sell-off also affected most altcoins. For now, Tether (USDT) activity exceeds BTC volumes, with $21 billion in the past day. During the Monday relief rally, BTC volumes got a boost from futures markets.
The recent news of anomalous withdrawals from Upbit, with talks of a hack, further worsened the market mood. A large-s...