Auto Added by WPeMatico
Powered by WPeMatico
At press time, bitcoin has fallen by another $100, and is now trading for $7,200. The bears continue to control the market as the cryptocurrency arena has thus far lost over $150 billion from its May high. Recently, it was announced that the U.S. Justice Department was opening an investigation into the manipulation of cryptocurrency prices and illicit activities. Peter Tchir – a cryptocurrency analyst and Forbes contributor – says he would be very surprised if it turns out that cryptocurrency prices aren’t being manipulated, and feels that bitcoin’s price swings couldn’t occur unless someone was pulling the strings. Tchir saysPowered by WPeMatico
Bitcoin has lost over $600 in just one night. The currency is now trading for just over $7,600 – the lowest it’s been in about 35 days. This marks a serious drop over the last two weeks. Just two weekends ago, the currency was trading for about $9,800 – the highest it had been in four weeks. As bitcoin was expected to spike to $10,000, many traders and investors alike sat with bated breath, hoping the currency would once again strike five figures and prove to the world it was not a fluke, and that its behavior during December ofPowered by WPeMatico