Today’s top news from Bloomberg which has caused another crash in Bitcoin price today which is currently trading around $7,518 down to -1.50% in last 24% and -7.75% in last 7 days. The Bloomberg news report says that Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter.
Source: investing.com
The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling, said the people, who asked not to be identified because the review is private.
Here is a video from the news report:
Source: bloomberg.com
What do you think about this action taken by US justice department. Will it stop Bitcoin price to move up further or will go down again. Please share your opinion by leaving your comment below.
They can't do nothing.Only warn people.
best they could do is to spent money and educate investors
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Comment removed
Why it has removed?
and market crashed again, no wonder.
Definitely manipulation is happening :)
thx for your comment @techstack
check your email :)