Why did bitcoin and ethereum crash last week?
From the chart, we can observe that bitcoin and ethereum follow the same pattern. This suspiciously looks like high frequencies trading algorithms driving the price.
Who would be benefit from such manipulation?
The big banks
The Chinese
Hedge funds
Are the same people manipulating the precious metal complex scared of the threat caused by the cryptos?
Not going to stop higher prices though.
My latest article:
https://steemit.com/bitcoin/@hgmsilvergold/us-dollar-weakness-is-driving-higher-bitcoin-and-ethereum-prices