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[NEWS] Bitcoin - Crashed today?

BY: @jpmay | CREATED: July 31, 2018, 1:35 p.m. | VOTES: 2 | PAYOUT: $0.00 | [ VOTE ]

https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmYQKA7sd9iLZKjQ54d3vBucAkNEDRRFDsr7pWehEXcKpG/rot.png

Hello everybody!

This morning, or during the morning and noon, the price of BTC dropped quite drastically. For some exchanges, even the support level of $ 7800 was broken, at least for a short time.

Reason for this could be that with HitBTC one of the larger stock exchanges was forced to stop the service. Officially this was caused by a hardware failure. Since HitBTC is one of the Top 10 Exchanges, this almost inevitably leads to a temporary market reaction. Especially when specific information is missing.

Here is the message from HitBTC:

Dear traders, the HitBTC exchange is temporary unavailable from 11:25 UTC due to a hardware fault. We are working on resolving it - please allow maximum 2 hours for full recovery. Your funds are safe. HitBTC (@hitbtc) 31. Juli 2018

Albeit, I was just able to log in again just now. Since everything is still as it should be, I do not expect that damage has occurred.

The market should relax and BTC can continue on its journey.

Your JP

TAGS: [ #bitcoin ] [ #crypto ] [ #cryptocurrency ] [ #blockchain ] [ #steemit ]

Replies

@gaman | Aug. 1, 2018, 12:16 p.m. | Votes: 0 | [ VOTE ]

Resteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch

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