Crypto Report for October 31

What happened to Bitcoin during this week?

On Monday, the price for Bitcoin unexpectedly fell to its mid-October lows. The main reason for this slump lies in the hacking attack of the Canadian crypto trading platform MapleChange. The platform lost over 6 million dollars. Moreover, its representatives said they could not refund anything. The future of the platform is still uncertain.

 Up to now, Bitcoin is testing the resistance at 6334. Does it mean we entered another flat? For now, we can’t tell for sure. Positive news or manipulators can drive the price to the next resistance at 6394. Otherwise, Bitcoin can fall downwards the support at 6218.

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