Last night Tether was hacked by malicious action by an external attacker which ended up in the theft of nearly 31 million dollars of USDT. This sent the markets into a bit of a sell off as people where unsure of the ramifactions that could come of it. But as we have seen in the past stuff like this unfortunately happens but the markets continue to rise shortly after.

This is what we saw again in the last 24 hours as bitcoin slumped quickly down to $7,800 and has now rebounded quickly up to an all new high of $8,350 showing off how resilient but also how quickly markets still react on news that is confusing at first.

Trading Firms

To get a little more into the growth of bitcoin we are now moving towards trading firms now taking orders. 3 50 million dollar deals where just made which is a drop in the bucket for bitcoins now 138 billion dollar market cap however is the opening to a flood gate of new money that will flow in in what I believe to be early 2018. My hope is to now see a 1 trillion dollar market cap some time in 2018 instead of waiting till 2022 as first predicted.

Heck we thought we might barely make it to 5k by years end but we are now talking about 10k being a real possibility by the end of this year.