Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge?

Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red all through the top 100 trading cryptocurrencies.
Hack Aimed at User Accounts
Coinrail is a relatively obscure exchange that trades 50 coins and is ranked 98th in the world w