Bitcoin, Ethereum, and Ripple fall on bots manipulation concerns
03 Oct Bitcoin, Ethereum, and Ripple fall on bots manipulation concerns
Posted at 03:07h
in
Ethereum News
by admin
[ad_1]
It has been a disappointing 24 hours of trade for the crypto market and declines are being seen largely across the board this morning. This has led to the value of the entire market falling 1% to US$220 billion according to Coin Market Cap. This decline could relate to a report out of the Wall Street Journal yesterday regarding the use of bots to manipulate the price of Bitcoin. According to the report, unscrupulous traders are wielding purpose-built software to cause the cryptocurrency’s wild swings. Some bots achieve this by utilising a strategy that was similar to spoofing. Which is…
It has been a disappointing 24 hours of trade for the crypto market and declines are being seen largely across the board this morning.
This has led to the value of the entire market falling 1% to US$220 billion according to Coin Market Cap.
This decline could relate to a report out of the Wall Street Journal yesterday regarding the use of bots to manipulate the price of Bitcoin.
According…
[ad_2]
Source link