RATE Group | Bitcoin’s 6-Year High Volatility is Driven by These Factors
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Bitcoin’s 6-Year High Volatility is Driven by These Factors

22 Mar Bitcoin’s 6-Year High Volatility is Driven by These Factors

Posted at 06:59h in Bitcoin News by

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Whereas crypto markets are known for volatility, Bitcoin has not experienced price swings on the present scale since 2014. Although the current global turmoil no-doubt plays a role, investors increasingly believe market manipulation is also to blame.

Forty percent of respondents in a Bitcoinist poll are convinced that whales are behind Bitcoin’s current peaks and valleys:

Crypto investors have long accused large holders of actively manipulating the price through strategic trades. The extent to which this assertion is true may be debatable, but there is no lack of circumstantial evidence. For example, large sell-offs on BitMEX played a key role in a quick price drop two weeks ago.

Also, Bitcoin pumped eight percent on Monday after Tether moved USD $40 worth of USDT onto Bitfinex just as the market was crashing. It is hard to believe that Tether did not strategically time this transfer…

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