Macau police have arrested a man over a cryptocurrency trading scam involving HK$5 million.
After a security incident, the market typically goes through three stages:
1) Panic: The news hits, and selling pressure is at its most intense;
2) Digestion: How large are the losses relative to market cap, and will the stolen funds be dumped?
3) Aftermath: The team's response determines whether confidence recovers.
$BTC latest: 74548.33, 24h: -0.43%. Don't rush to buy the dip; wait until stage 2 becomes clearer.
After a security incident, the market typically goes through three stages:
1) Panic: The news hits, and selling pressure is at its most intense;
2) Digestion: How large are the losses relative to market cap, and will the stolen funds be dumped?
3) Aftermath: The team's response determines whether confidence recovers.
$BTC latest: 74548.33, 24h: -0.43%. Don't rush to buy the dip; wait until stage 2 becomes clearer.
