[gregw2]

This article is less concrete than the Bloomberg TV coverage I saw sometime this last week that discussed the same theme/possibility of Bitcoin manipulation in recent weeks.

That coverage discussed that much of the pricing up-moves this past month are happening on weekends when there is less liquidity/action, and then saying some analysts see this as suggestive that some whale(s) are deliberately trying to push the price up (using weekends to get the most oomph for their trading dollar.) There was also an assertion that the market volumes involved in bitcoin are substantially less than in other more traditional markets so the market is more susceptible to this sort of thing.

I have no knowledge of the truth of any of this, but there was a thread of a "fact" to that argument which I didn't notice in this Fortune article (so I pass it on.)

[andirk]

The low market cap of BTC, albeit some 100's of billions of $, compared to the huge indexes, of course makes price manipulation easier. But as a fan of the technology and future use cases for crypto in general, I do think most of the fluctuation in price is emotional moreso than anything else.