Large Bitcoin player manipulated price sharply higher, study says


  • Cryptocurrency
  • Tuesday, 05 Nov 2019

A SINGLE large player manipulated the price of bitcoin as it ran up to a peak of nearly US$20,000 two years ago, a new study concludes.

The study reviewed the period between March 2017 and March 2018, when the price of bitcoin soared and its total market value rose to $326 billion. About half of that increase was due to the influence of a manipulation scheme, according to the study’s authors.

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