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 says
Powered by WPeMatico
]]>
The Commodity Futures Trading Commission (CFTC), the industry’s main regulatory arm, reports a net increase in short contracts; volume is sluggish, and a legacy bank has now outright forbid clients and advisers from trading in the relatively new product. While it is too early in the experiment to draw definitive conclusions, bitcoin futures might not be […]
The post Bitcoin Futures Flat as Contracts Move Short and Merrill Lynch Imposes Ban appeared first on Bitcoin News.
Powered by WPeMatico
]]>