Cryptocurrency market falls by 5 billion dollars, rumours of Bithumb hacking surface

In this cryptocurrency news update, we look at the current state of the market which has been on a downward trend over the last one month. Last month, the cryptocurrency market had a total market cap of over 365 billion dollars which has now reduced to 276 billion dollars. The market fell by another 5 billion dollars over the last 24 hours, amidst low trading volumes. There is also a rumour that there was a hacking attempt on Bithumb, South Korea’s biggest cryptocurrency exchange. If these rumours turn out to be true, expect the market to dive down further. However, there are some altcoins which are bucking the trend are are performing well even in this cryptocurrency market. Notables one include Binance Coin and Reddcoin.