CRYPTOCURRENCY
A single anonymous market manipulator caused bitcoin to top $20,000 two years ago, study shows
PUBLISHED 3 HOURS AGOUPDATED 3 HOURS AGO
Michael Sheetz
@THESHEETZTWEETZ
KEY POINTS
A forensic study found that tethers, a digital currency, being traded for bitcoins, revealed a pattern of manipulation during the 2017 cryprocurrency boom.
“Almost the entire price impact can be attributed to this one large player,” finance professors John Griffin and Amin Shams wrote.
“One of the SEC’s top worries is that crypto is subject to manipulation. This study appears to lend credibility to that argument,” Cowen analyst Jaret Seiberg said on Monday.

https://www.cnbc.com/2019/11/04/study-single-...20000.html