While the crypto market in suffering from bearish domination and is bathing in the red, Bitcoin price keeps dropping below $7,000 and coming back to this mark, the community starts going self-ironic on BTC bullish forecasts ahead of Thanksgiving.
Josh Rager: Pre-Thanksgiving hopium
A prominent crypto trader and analyst John Rager is encouraging the community to offer their best bullish forecasts on Bitcoin.
I know stock to flow :)— Josh Rager 📈 (@Josh_Rager) November 26, 2019
This is just for fun
Despite the numerous bullish forecasts the Twitter has seen lately, the BTC price has merely recovered after plunging below $7,000 earlier today.
Some believe this was due to the reported hack of the Korean branch of the UpBit exchange which led to a loss of around $50 mln in Ethereum. Other altcoins were also withdrawn to an unknown wallet, as Whale Alert Twitter account reports, such as Tron, EOS, XLM, etc.
Thanks Upbit 👍— The Crypto Dog📈 (@TheCryptoDog) November 27, 2019
CZ Binance promises to assist UpBit
In a recent tweet, CZ Binance stated that he and his team will work with UpBit that earlier today confirmed the unauthorized withdrawal of the $50 mln in ETH.
Binance will make sure that any of the stolen funds that come to the exchange are frozen right away.
We will work with Upbit and other industry players to ensure any hacked funds that may make their way to Binance are immediately frozen.— CZ Binance (@cz_binance) November 27, 2019
UpBit loses 60 bln in Korean won
The reports of a possible hack of UpBit earlier today are being heatedly discussed on Crypto Twitter. Many point out that the head of UpBit confirmed not a hack but an unauthorized funds withdrawal of around 60 mln KRW (approx. $50 mln) in Ethereum.
A crypto expert and columnist Joseph Young believes it was an inside job.
UPbit is not using the word "hack" for $51.3 million loss. At this point, considering the possibility of insider job.— Joseph Young (@iamjosephyoung) November 27, 2019
Apart from the aforementioned ETH, large amounts of funds in other altcoins are also believed to be stolen from UpBit – TRX, EOS, XLM, etc.