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News Link • Bitcoin

Hat Trick: Cryptocurrency Price Pumping Manipulation While Economy Slows

•, Pye Ian

Yet, despite no apparent fundamental or technical trading justifications, Bitcoin's price shot up over 23% out of the blue on April 2nd due to algorithmic trading & a $100 million Asian-sourced order spread across 3 crypto exchanges between the US & Luxembourg.  That trade in turn sheep-herded the rest of the cryptocurrency complex to rise as well, naturally.  The tactical planners punching the keyboard buy orders clearly are pushing to get the public to start paying attention & investing again in this nascent, opaquely run sector while platforming automated, algorithmic protocols as the newly welcomed 'efficiency' paradigm for this, and presumably other future, asset classes. 

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