The cryptocurrency market, with Bitcoin in the lead, is not having the best year. Its value has fallen significantly since January. In large part because of the many regulations and prohibitions that have been arriving. Something that has affected the market in a remarkable way. But it seems that the problems are not over yet. Since the United States Department of Justice has just launched an investigation.
This research is intended to demonstrate that the price of Bitcoin and other cryptocurrencies, such as Ethereum, has been manipulated, from some groups. So they seek to demonstrate whether illegal practices have been carried out in these cases.
Several sources have already told some media that they were aware of the beginning of this investigation in the United States. It seeks to know if the price of Bitcoin has been influenced or tried to influence. Among the techniques used we find spoofing, which seeks to flood the market with false orders so other investors think they should buy or sell.
Although it is not the only one, since another wash trading call has also been detected. In it, an inverse operates with himself, with the aim of giving the impression that there is a demand in the market. Thus, other investors decide to operate as well, in this case with Bitcoin.
In the United States they are concerned for the possible fraud that has occurred with Bitcoin and the rest of the cryptocurrencies. Although the suspicions that the market has been manipulated are not new, since notices of this type have been emerging since last year. It seems there was quite a bit of truth in them.
This investigation may suppose the definitive impulse for the introduction of a regulation of the cryptocurrency market. Something that seems that there are already some groups that want to do, with Gemini from the Twinklevoss twins at the helm. In Europe, the potential dangers of Bitcoin have recently been discussed, although there is still no regulation in this regard. Will things change soon?