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Today the markets have brought the one thing that almost everyone expected but no one really wanted, and that was a fairly major BTC correction. The worst of the dump occurred last night at approximately 11 PM UTC, when Bitcoin slipped almost 9% in the space of an hour, down from $8480 at to a low of $7748 - a low not seen in 12 days.
Questions pertaining to the possibility of market manipulation were raised. And while a correction was expected, there was something fishy about this dump…
Interestingly one Bitcoin whale transaction stood out; occurring yesterday the transfer saw a total of 25160 BTC - a USD equivalent of approximately $213 million at the time of the transfer – moved from an unknown wallet to Coinbase. So was this a case of market manipulation? What’s next for Bitcoin?
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