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 throughout relevant communities. On six separate instances in the past day, Bitcoin saw red or green half hour candles of $100 or more. Most prominently, a pump of over $300 wasPowered by WPeMatico
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 at clear cryptocurrency manipulation but also at weak email security for China’s central bank. Cryptocurrency Manipulation Hoax Unveiled It is not uncommon in the world of cryptocurrency to see attempts
Trading is arrogant, be it on Wall Street or across crypto exchanges. In order to trade rather than hodl, you must fundamentally believe you’re smarter, more disciplined or better informed than the other half of the market. Time will tell. But as long as you’re trading, we’ve established that you’re at least more arrogant than […]
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 community sacrificed his own success for the good of the market. /u/NekroJakub is one such individual with the power to move markets. That morning, Jakub moved fiat funds to his exchange
Experts in US securities laws say that some of Barry Silbert’s many tweets on ETC prices, as well as a recent “pro tip” he shared with a shorter, may raise red flags for market regulators in charge of preventing price manipulation. Also Read: Litecoin Creator Charlie Lee Reveals He Sold All His Litecoin Barry Silbert […]
It is safe to say the Bitcoin price crash wasn’t something most people had expected. Although all financial markets need a healthy correction after an extended period of steady gains, people assumed the Bitcoin price would be somewhat immune to this trend. The reality is a very different, although there are still some oddities about this sell-off which raise questions. For now, it seems all markets are slowly recovering. Bitcoin Price Rollercoaster is Back on Track No one likes to see the Bitcoin price go down by 25% in a matter of hours. This trend started materializing last night and