BTC/USD is about to renew the downside quest. Bithumb lost about $30 million due to hack attack. While Bitcoin managed to recover from the intraday low of $6,557, but it is still vulnerable to further losses. Traditionally, the largest market movements happen during European and American hours, so, early losses may be just the beginning of a new bearish wave. Currently, BTC/USD is changing hands at $6,610, supported by $6,560/50 with both 100 and 200-SMA (hourly chart) clustered there. Bithumb, one of the largest cryptocurrency exchanges in Asa, is reporteed to lose about $30 million in digital currencies following the hack attack. The company suspended all deposit and withdrawal services and transfered all crypto assets to a cold wallet. “We checked that some of cryptocurrencies valued about $30,000,000 was stolen. Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet,” the platform wrote in the official Twitter account. While the company has not disclosed what kind of coins were lost, it has promised to compensate the losses to the affected customers. This is the second South Korean exchange hacked during this month. Lat week Coinrail lost about $40 million in cryptocurrecy, sending Bitcoin and other digital assets tumbling. BTC/USD, the hourly chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/JPY Technical Analysis: Corrective rally stalled at 50-hour MA FX Street 4 years BTC/USD is about to renew the downside quest. Bithumb lost about $30 million due to hack attack. While Bitcoin managed to recover from the intraday low of $6,557, but it is still vulnerable to further losses. Traditionally, the largest market movements happen during European and American hours, so, early losses may be just the beginning of a new bearish wave. Currently, BTC/USD is changing hands at $6,610, supported by $6,560/50 with both 100 and 200-SMA (hourly chart) clustered there. Bithumb, one of the largest cryptocurrency exchanges in Asa, is reporteed to lose about $30 million in digital currencies following the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.