CryptoCurrency : This dip really is manipulation and is caused by algos and Cointelegraph
Cointelegraph just put out an article in the middle of the night EST time (as they always do even though they are a U.S. company) which had “SEC denied Bitcoin ETF’s” in the title. That wasn’t the whole title and was not even the point of the article but they made sure to put that in their so that people’s bots would read the headline and dump their BTC accordingly without stopping the process based on a better, human interpretation of the title of the article. It worked perfectly considering that giant red 15 minute candle happened right after the article was put out. The whole title is “Abra CEO: SEC Denies Bitcoin ETFs Because Applicants Do Not Fit Industry Archetype” and Cointelegraph obviously did this on purpose because there is a million other ways to name that article that don’t have those FUD keywords. I really don’t like Cointelegraph. I’m not a big time trader with bots and webscrapers picking up on Bitcoin articles and SEC tweets but I am hoping that this will be short lived since it isn’t even real FUD. It’s a manipulative headline about nothing.
edit – cointelegraph, not coindesk article – https://cointelegraph.com/news/abra-ceo-sec-denies-bitcoin-etfs-because-applicants-do-not-fit-industry-archetype
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Author: I_am_Jax_account
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