05 Jun '13, 5am

Bitcoin prices manipulated last weekend?

Bitcoin prices manipulated last weekend?

Bitcoin prices and volumes on Mt Gox showed very strange patterns at a normally slow time. Another reason why FX brokers are still generally reluctant to add Bitcoin trading... Coinsetter Blog pointed out a very interesting phenomenon, whereby it questioned whether Bitcoin prices were being manipulated this past Sunday, June 2. After several weeks of relative stability in the Bitcoin market, Coinsetter pointed out that this weekend saw a rapid and otherwise unexplained drop in Bitcoin prices, as per the chart below: Another reason why FX brokers are still generally reluctant to add Bitcoin trading... After hovering near the $130 level the prior week, strong selling pressures forced the Bitcoin price down to about $120 over the course of just several hours. Alongside the price movement came a large jump in volume. Coinsetter also noticed multiple "clog sales" (i.e. small tr...

Full article: http://www.leaprate.com/forex-industry-news/entry/bitcoin...

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