A single large player, using the Bitfinex exchange and a cryptocurrency called tether, manipulated the price of bitcoin as it ran up to a peak of nearly $20,000 two years ago, a new study has concluded.
Since when has the WSJ understood market dynamics? Not in my lifetime. WSJ article on Bitcoin and @bitfinex great example. $BTC was classic bubble. Price at exchange consistently traded at discount to other exchanges in blow-off, not at premium. https://t.co/qDm8vlOdM4https://t.co/IOQaopVMi0