Over the past few months, the cryptocurrency space has been shaken, not stirred, by a series of high profile hacks. In June, Bitcoin’s biggest rival by market cap, Ethereum, was drained of tens of millions of Dollars’ worth of ETH tokens.
A lot has changed since our last weekly update in the world of cryptos as bitcoin has dropped in value consecutively over the past six days. Currently, BTC/USD markets are hovering around $9600 after tumbling following the currency’s recent high of $11,600. Bitcoin hit a low of $8,300 two days ago but has rebounded since. Ethereum markets have been suffering similar losses as one ETH is averaging $726 at the time of writing. Cryptocurrency proponents are quite positive even though markets have been low and many believe BTC/USD will surpass last year’s value of $19,600 per token.