pricemanipulation

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  • Mike Segar / Reuters

    Price manipulation caused Bitcoin's huge 2017 surge, researchers say

    by 
    Kris Holt
    Kris Holt
    06.13.2018

    Bitcoin soared to enormous heights late last year to over $19,000 for a single digital coin. Researchers now say that the digital currency Tether was used to inflate the value of bitcoin late last year. Indeed, a blockchain analysis showed that a tiny number of Tether-backed transactions caused about half of bitcoin's massive surge in value from March 2017 through March 2018.