Bitcoin investigated for possible price manipulation

Bitcoin is not experiencing its best year, with a notable drop in value since the beginning of the year. Although things could get worse for the company. Since the Department of Justice in the United States has launched an investigation to check if there have been manipulations in the price of the currency and other cryptocurrencies. Suspicions that take a long time.

Bitcoin investigated for possible price manipulation

For months now it has been said that there are illegal practices in the cryptocurrency market, dedicated to altering their value. Something that seems could be true. At least this is what this research seeks to demonstrate.

Bitcoin research

Several techniques have been detected with which the value of Bitcoin in the market was altered. One of them called spoofing, which sought to flood the market with false orders for other investors to believe that there was movement in the market. Also wash trading, in which an investor operated with himself to make others think that there was demand in the market.

These are some of the techniques used to generate greater demand and changes in the price of Bitcoin. The investigation has just begun, so it is not known how long it will last, nor what they will find. But it could be a hard blow for the cryptocurrency market.

Although at the same time it again highlights the need in this market to introduce regulations. Something that there are already groups that are promoting after the beginning of this investigation. So we could soon see major changes in this market.

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