The recent hacks in South Korea did have a great impact on the cryptocurrency market, despite the events in fact haven’t affected any large coins. It’s a matter of trust in the industry which so far remains rather low due to the unresolved security issues, while the lack of regulation adds to uncertainty among investors. That’s why bitcoin fails to regain its attractiveness after last year’s rally.
In the short term, BTCUSD needs to get back above the $6,600-6,700 area to get a chance for a more pronounced recovery. However, on the whole, the demand will likely remain too timid so far, and the risks are still here. On the downside, the $6,000 threshold remains the key .