Tag: Manipulation

After Tumultuous Monday, Price of Bitcoin Returns Above $8,100

With every green candle in the past two months, cryptocurrency supporters hope the bear trend has ended. However, after each extended period of appreciation, it seems as if an even longer and steeper sea of red is experienced after. Yesterday, technical analysts and spectators alike scratched their heads at Bitcoin’s inexplicable chart. Although the unexpected is the norm throughout cryptocurrency, Monday’s Bitcoin chart sparked a slew of attention on Twitter and …
[Read More]

New PBoC “Regulatory Measures Against Bitcoin” Turn out to be a Hoax

The entire cryptocurrency world got a rather surprising scare last week. Rumor had it the Chinese central bank would be introducing even more Bitcoin regulation. Some sources mentioned the government was looking to restrict access to foreign exchanges altogether. It now turns out this was a pure hoax, as someone had hacked into the central bank’s mailbox to issue a fake email. It’s a very worrisome development, as it hints not only …
[Read More]

[Humor] Markets Recovered Thanks to Anonymous Redditor

Disclaimer: this is a humor piece and should be interpreted as such. With every major market move, both up and down, some individuals inevitably buy the top or sell the bottom. Past movements suggest that certain all-powerful investors are responsible for market movements, as their trades and decisions lead to opposite, powerful reactions from the market. On January 17, as Bitcoin approached its bottom of US$9,500, a martyr for the greater cryptocurrency …
[Read More]

Traders Absorb Much-Needed Bitcoin Price Correction Quite Well

It is safe to say the Bitcoin price crash wasn’t something most people had expected. Although all financial markets need healthy corrections after extended periods of steady gains, people assumed the Bitcoin markets would be somewhat immune to this trend. The reality is very different, although there are some oddities about this sell-off which raise questions. For now, it seems all markets are slowly recovering. Bitcoin Price Rollercoaster is Back on …
[Read More]