The crypto markets are continuing to take a tumble today, June 23, following slew of FUD-like news from the crypto sector in South Korea and Japan.
Market visualization from Coin360[1]
Leading South Korean[2] exchange Bithumb[3] was hacked[4] for $30 million, and Japan[5]’s financial regulator FSA has apparently renewed[6] their crackdown on cryptocurrency exchanges after sending out[7] six more business improvement notices this week.
Bitcoin[8] (BTC) is edging closer to $6,000, trading for around $6,105[9] at press time, down less than 1 percent over a 24 hour period.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index[10]
Ethereum[11] (ETH) is slightly down, trading for around $472[12] and down almost 1 percent over a 24 hour period to press time.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index[13]
Of the top ten coins listed on Coinmarketcap, EOS[14] is down the most, a little more than 8 percent over a 24 hour period and trading at around $8.24[15] by press time.
EOS’s price fall follows the controversy[16] that arose after the mainnet launch when EOS block producers took it upon themselves to lock seven account associated with phishing scams, prompting questions about the coins decentralized system. EOS is also one of the top traded coins on the hacked exchange Bithumb, which has since fallen from sixth to eleventh place of exchanges by trading volume on Coinmarketcap[17].
Out of the top twenty Coinmarketcap coins, Dash[18] is up the most, with a value increase of 2 percent over a 24 hour period and trading for
