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Is bitcoin being manipulated? A professor who proved it in 2017 sees more red flags, report says
1 month ago | By Business Insider
Bitcoin has rallied to start 2023 after a dismal performance last year. Jasmin Merdan/Getty Images
In 2017, professor John Griffin noticed the price of bitcoin appeared to be propped up by a single "whale," and he's now seeing similar red flags, per Fortune.
At the end of 2022, Griffin observed that bitcoin seemed to bounce each time it breached the $16,000 floor.
"The same mechanism we saw in 2017 could be at play now in the still unreal bitcoin market."
After a dismal outing last year, bitcoin has skyrocketed more than 40% to start the new year. But John Griffin, a finance professor at...
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