As the weekend trucks along rather nicely, it would appear there is an influx of fresh bearish and bullish momentum for specific markets. While most people would expect EOS to not sustain real losses under the current circumstances, the alleged link to Bithumb’s hack could prove to be troublesome. As the EOS price has now lost a bit of value in quick succession, it will be interesting to see what the future bring.
Those traders who can look beyond the Bithumb news will acknowledge EOS would be subjected to a bit of retrace sooner or later. Although that wasn’t necessarily planned for this weekend, no one will be too surprised to see this trend materialize. It remains to be seen if EOS funds were effectively stolen from Bithumb last night, although the company has not officially confirmed that is the case at this time. Even if that were to be the case, it remains to be seen if customer funds are affected.