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Topic: [2016-08-03] Bitcoin Price Forecast: BTC HIts 2-Month Low After Hacking (Read 246 times)

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In today's Bitcoin news, the BTC/USD has plunged to a two-month low after one of the biggest exchanges revealed it had been hacked.

As reported by the FT, "Hong Kong-based Bitfinex announced the security breach and froze all customer accounts late on Tuesday."

"Bitfinex is the largest dollar-based exchange and third-largest globally behind OKCoin and BTC China, both of which are based in renminbi."

The recent bearish BTC moves reveal that the Bitcoin price could be set to test key support.

However, the longer-term BTC USD trend higher remains intact, says latest research.

http://www.exchangerates.org.uk/news/15951/bitcoin-price-today-forecast-btc-usd.html
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