Bitcoin Price ‘Flash Crashes’ To $6.1K – Here’s The Likely Reason Why

bitcoin price chart flash crash

A 5,000 BTC dump on Bitstamp likely caused the bitcoin price flash crash that occurred during the early hours (UTC) of Friday (May 17, 2019). Bitcoin plunged to as low as $6,100 on the exchange but has since recovered over $7,000 over the past few hours. Whale Dump, ‘Fat Finger Error,’ or Bot Glitch A trader on the Bitstamp exchange reportedly put up a sell order of 5,000 BTC at an oddly low price of

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Chainalysis Finds That Bitcoin Whales Are Not the Sole Source of Market Volatility

Chainalysis Finds That Bitcoin Whales Are Not the Sole Source of Market Volatility

Data from a detailed Chainalysis study found that Bitcoin whales may actually function as a stabilizing force in the market. Who’s in Charge of the Market? A newly published study from Chainalysis makes a strong case that Bitcoin (BTC) whales are not the shadowy culprits behind the notorious volatility associated with Bitcoin and the wider cryptocurrency market. The blockchain research firm reached this conclusion by analyzing 32 of the largest bitcoin wallets, which contain a

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Bitcoin Price is Being Manipulated, Says Forbes Macroeconomist

According to Peter Tchir, there is an ongoing manipulation of bitcoin price. What the macro and fixed income expert isn’t sure of is whether such price manipulations are against the law. The DOJ recently began investigating suspected trading malpractices in the cryptocurrency market. Whales and Miners Influence Bitcoin Prices Writing in an op-ed for Forbes, macroeconomist Pter Tchir states that he’d be surprised if there weren’t any shenanigans going on with the way Bitcoin prices

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