Bitcoin plummeted after Tether, a start-up company offering dollar-supported digital tokens, said its systems had been hacked and about $ 30.95 million of its chips had been stolen.
Bitcoin, which is known for its strong fluctuations, tends to bounce back quickly.
Bitcoin has grown more than 700% this year, with three separate corrections of more than 25%, all of which have given way to subsequent rallies. At current prices, bitcoin has a total market capitalization of approximately $ 134 billion.
Recent volatility came from a slight rise in investors who turned to alternative cryptocurrencies, including Bitcoin Cash, which pushed it to record highs.
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too much fundamentals if you can call them that in crypto will cloud judgement. The freefall of BTC came before anybody saw anything in the network hash or price of BCH - moral of the story, PRICE LEADS