No, Bitcoin Price Didn’t Fall Because a Minor Cryptocurrency Exchange was Hacked

The Bitcoin price has taken another massive dip over the weekend. Pinpointing the exact reason for that development is not all that easy. Some people blame the hack of CoinRail to be the culprit. However, the exchange is a small platform with a less-than-great reputation in South Korea.CoinRail Hack is Unfortunate
Whenever a cryptocurrency exchange is hacked, panic ensues. In the case of CoinRail, the actual impact on cryptocurrency markets is minimal. It was ranked outside of the top 80 by over