Bitcoin Price Manipulation Steers World’s Top Crypto in Difficult Direction | NewsBTC

The Manipulation Will not Stop
The US Justice Department is looking into Bitcoin price manipulation right now. Whether or not they will find anything out of the ordinary, remains to be seen. Even so, indicting anyone for this manipulative behavior will pose another big problem. Large holders of Bitcoin can effectively influence the market with a few clicks of a button, but that isn’t necessarily nefarious intent.

Very few people benefit from a lower Bitcoin price. Miners need a specific BTC value to break even, let alone make a profit. Large holders of Bitcoin are not inclined to see their portfolio value drop either. Exchanges have no real benefit from a lower Bitcoin price either. As such, there is plenty of circumstantial evidence regarding cryptocurrency price manipulation. Not enough to effectively change this situation overnight, unfortunately.

For the time being, it remains to be seen what the future holds for the Bitcoin price. Rest assured the manipulation will not stop, for better or worse. Those driving the price down will continue to do so until they are satisfied. The ultimate objective of doing so remains a bit unclear at this stage. An uneasy Bitcoin price situation will remain in place for quite some time to come.

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Bitcoin Price Manipulation Steers World’s Top Crypto in Difficult Direction | NewsBTC.