After tweet of Coinrail a small cryptocurrency exchange in South Korea, all top 100 crypto currencies are in red and bitcoin down 10%. Biticoin touch $6748 lowest since April and people started selling of their coins. The panic sell leads all top 100 crypto currencies to becomes red on all exchanges.
Why Bitcoin Down again ?
1- Coinrail South Korean Crypto Exchange has been hacked.
2- The decline followed a report on Friday from The Wall Street Journal that U.S. regulators are investigating potential price manipulation at four major cryptocurrency exchanges.
So What should expect from the Bitcoin Price ?
In April Bitcoin touched lowest value of the year almost $6200 and now in June $6748 but don't expect it much lower because this year becomes more attractive for Crypto currency. Experts are expecting $9000 to $10,000 price for Bitcoin at end of June or start of July. Don't be panic and sell your Bitcoin, I will suggest you to buy more because Crypto and Blockchain technology is the future