Re:Bitcoin Plummets Below 40K
by astoor on Wednesday May 19, 2021 @06:40AM
(#27206795)
> "Things that go up for no apparent reason can come down for no apparent reason."
Many of the previous sharp increases do have explanations, e.g. the $150 to $1,500 rise was largely due to manipulation by the Willy and Markus bots[0], the $10,000 to $20,000 rise was largely due to manipulation by Tether and Bitfinex[1]. Will probably take a while for the dust to settle to see if any manipulation was responsible for the recent rises.
Many of the previous sharp increases do have explanations, e.g. the $150 to $1,500 rise was largely due to manipulation by the Willy and Markus bots[0], the $10,000 to $20,000 rise was largely due to manipulation by Tether and Bitfinex[1]. Will probably take a while for the dust to settle to see if any manipulation was responsible for the recent rises.
[0] https://www.investopedia.com/news/bots-drove-bitcoins-150to1...
[1] https://cointelegraph.com/news/research-tether-bitfinex-mani...