RATE Group | Bitcoin price crash: ‘Manipulative whales’ cause cryptocurrency market meltdown
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Bitcoin price crash: ‘Manipulative whales’ cause cryptocurrency market meltdown

06 Sep Bitcoin price crash: ‘Manipulative whales’ cause cryptocurrency market meltdown

Posted at 16:17h in Cryptocurrency News by

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Cryptocurrency markets are showing no signs of recovery after a spectacular price crash caused bitcoin to lose almost $1,000 of its value in the space of just 24 hours.

Even bigger losses were felt by bitcoin’s rivals, including ethereum, ripple and bitcoin cash, as cryptocurrency analysts struggle to explain the sudden downturn.

One popular theory among market analysts is that the price crash was a result of Goldman Sachs abandoning plans to launch a cryptocurrency trading desk. However, some suggest that this might not tell…

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