Bitcoin is as bitcoin does: Cryptocurrency continues to exasperate traders and investors
THE frustrating world of cryptocurrency continues to exasperate traders and investors alike as the unpredictability of unseen market forces deliver wild price fluctuations. From a distance, the bitcoin market is barely moving (Image: Omar Marques/SOPA Images/LightRocket via Getty Images) Curiously, from a distance, the bitcoin market is barely moving and looks like it is preparing to linger between $11,000 and $12,000. But sweep a magnifying glass across the charts and a much more sinister picture comes into focus. Tuesday, for instance, provided a classic example of what some wouldn’t hesitate to label as ‘manipulation’. The day began and ended more or less wrapped around the $11,600 mark – a line which is looking increasingly like it has its own gravitational pull, meaning BTC could be orbiting it for a while. However, the devil is in the detail that lurks between the $11.6k bookends, and this is where the concerns over bitcoin’s Wild West nature lie. At around 6am, the ...