The current rally of the Bitcoinis believed to have originated after the Bitner controversy. The rally has been welcomed by a majority ofthe cryptocurrency investor community.

Paolo Ardoino, Bitfinex CTOstated, “$1 billion of fresh cash has come into the market thanks to Tether. Isthat true? I don’t know.”

Money is being pumped into themarket, and the rally is linked before the consensus conference. The market has seen money pumped into themarket before similar crypto-conferences in the past.

Investors would love to see the price of the Bitcoin shoot the moon, a decline back in levels is a likelihood.  The $5,850 is considered to be a structurally significant level in this rally.  Even if there will be a pullback from the current $8,000 price level, a pullback from this price level is not expected anytime in the near now.

When it comes to ensuring thatenough money has flown into the market, the 20-day EMA and the 50-day EMA areconsidered. The 50-day EMA should betypically above the 200-day EMA to vouch for real money has come into themarket.

Cryptopia has been offline forquite some time back in January stating that “suffered a security breach whichresulted in significant losses.” However, they resumed service in March butcontinued to have banking issues.

Grant Thornton, stated, that thehack influenced the company’s trade in a negative way. Regardless of efforts from the management toreduce cost and to return the business to profitability, it has been decidedthat liquidation is the best method forward for the stakeholders.

Grant Thornton will aid Cryptopiato secure its assets “for the benefit of all stakeholders.” They have further stated that theinvestigation will take place for months rather than for weeks. Trading on the exchange is suspended as theinvestigation is continuing.

In response to the Twittermessage from Cryptopia, several investors from Twitter have expressed theirfrustration as they were not able to withdraw funds ever since the hack. Someof the investors have been calling creditors to take legal action against theexchange.

Ruscoe said, “We realizeCryptopia's customers will want to have this matter resolved as soon aspossible. We will conduct a thorough investigation, working with severaldifferent stakeholders, including management and shareholders, to find thesolution that is in the best interests of customers and stakeholders."