- Bitcoin soared to a new all-time high Tuesday above $8,300 per coin.
- The coin recovered losses it incurred after a different cryptocurrency announced a $30.9 million hack.
ADVERTISEMENT
Bitcoin soars to new high above $8,300 after $30 million crypto hack
Bitcoin soared to a new all-time high Tuesday above $8,300 per coin.
ADVERTISEMENT
Recommended articles
Bitcoin's upward climbed continued unabated Tuesday morning.
The cryptocurrency blew past Monday's record high of $8,285 to $8,368 Tuesday morning, trading up 1.24%. It gave up some of those gains and was trading at $8,289 just before noon ET.
The coin was sent in a tailspin after news broke that cryptocurrency firm, Tether, was hacked.
ADVERTISEMENT
Tether, which created a cryptocurrency called USDT that is pegged to the dollar, said in a blog post on Tuesday that "funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker."
The company said $30,950,010 was taken Sunday.
Th news dragged the price of bitcoin down by nearly $450 early Tuesday, according to CoinDesk data.
This post has been updated from its original version.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
8 ingenious tips to merge PDF files more efficiently
10 most powerful African passports in 2024
UK sends first voluntary asylum seeker to Rwanda
FCMB Group records 186% profit growth, proposes 50k dividend
Accounting with a Purpose - Moracle Ghana CEO has simplified accounting for small businesses and nonprofits
10 African countries with the lightest debt burden in 2024
Sale of African skulls in a British museum comes to light
Coinremitter claims to be a leading crypto payment gateway in the market
