Arcus disclosed that approximately $2.23 million was stolen due to an accounting loophole, and that it has fully replenished the shortfall.
$BTC is now at 73708.46, down 1.83% over 24 hours. Next, watch two things: whether trading volume picks up and whether the price can sustain its momentum. The news looks negative on the surface, but to see whether it was already priced in, compare it with the previous price trend. Statistically, price movements after similar news aren't always the same, so don't blindly rely on past experience.
$BTC is now at 73708.46, down 1.83% over 24 hours. Next, watch two things: whether trading volume picks up and whether the price can sustain its momentum. The news looks negative on the surface, but to see whether it was already priced in, compare it with the previous price trend. Statistically, price movements after similar news aren't always the same, so don't blindly rely on past experience.
