Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Market Manipulation
Why Do the Cryptocurrency Prices Go Down on the Weekends?
If you have been in the crypto world for a while, you may have noticed the typical behavior of the market during weekends. With some exceptions, we are used to seeing the price of significant cryptocurrencies drop over the weekend. The phenomenon is known to those who operate in this market, but understanding the causes is rather complex. Therefore, this article will discuss a definitive answer by analyzing the main factors in this market trend. Do we have a definitive…
3 years ago
Tether Scores Major Legal Win in Trillion Market Manipulation Case
Market manipulation by significant exchanges throughout the world has been a critical issue for most crypto traders. More so, the underdogs in the crypto industry are at a wild toll. Crypto whales only require to move a massive amount of crypto to determine how the marketing strategies go. Recently, Tether and Bitfinex found themselves in a spot concerning the same. Both blockchains have been in a fix. The two professors acting as plaintiffs declared their lawsuit against Tether and Bitfinex…
4 years ago
The Menace Of Crypto Market Manipulations and Mitigation
In June 2018, a post by Forbes magazine focused on a crypto enthusiast's tweet discussing the deep manipulation in the crypto market. The Twitter account user cited many practices of crypto exchanges that are illegal in traditional exchanges. Some of these practices include wash trades, spoofing, and front running. Market manipulation involves a collection of different practices to influence the market for personal gain. Therefore, it is vital for you, as a crypto enthusiast, to better understand market manipulation and…
5 years ago