Every crypto fan noticed Bitcoin’s sudden jump above $4,000 on March 16th. However, there was broad confusion over why.
Sure, there were plenty of theories. Crypto expert Nigel Green says the crypto winter is over. Prominent crypto trader Alec Ziupsnys says that the crypto market has hit bottom. And then there’s crypto whale Zhao Dong, who advises hodlers to keep on hodling – the “only thing you need is patience.”
With all this talk of promising upside, something doesn’t smell right. Normally, when the market value of a liquid (tradable) asset experiences a sudden jump, there’s a rational explanation. Someone discovers a new use for the asset. Some new buyer makes a big buy. Or perhaps some force threatens the supply of the asset.
When none of these forces are evident, one likely cause remains: price manipulation.
Read the entire article at https://dailyiconews.com/2019/04/11/whats-going-on-with-crypto-prices-use-your-nose/.
None of the companies mentioned in this article are Intellyx customers. Jason Bloomberg neither owns, nor plans to own, any cryptocurrency or other cryptotoken, either long or short.
