Coincheck, one of the biggest names in Japan's cryptoindustry got hacked a few months ago because of carelessness. This event could have sent bitcoin to it's lowest value this year. Coincheck did not announce what happened right away. Before the press release of what happened, the value of bitcoin dropped to around $10,400. However, after the press release of the incident, bitcoin made a quick recovery back to around $11,000. What factors made it possible for the bitcoin value's rebound? Because I really can't say it's the media. The news should have scared other bitcoin owners and could have sold them. But the unexpected happened. Can you enlighten me on this one? Was it because there were people who still invested in bitcoin despite the incident, ignoring the risk? Thanks!
Maybe people are just tired of having all of those FUDs. And by just not caring at all. They know that the price will still go up anyway.