Don't be Fooled: Crypto is Going Up Because of Market Manipulation

upstart writes:

Whenever you see cryptocurrency prices suddenly rise, that's probably why:

We're not just a couple of weeks into 2023 and crypto prices are spiking. Seeing number go up might entice you to throw some money into Bitcoin or Ethereum. After all, maybe this is the beginning of another crypto bull market? You wouldn't want to miss out!

Well, just wait a minute. Consider this first: Why are crypto prices suddenly rising?

There are plenty of analysts out there trying to make logical sense of the recent bump in cryptocurrencies value - inflation is slowing, belief that the Federal Reserve is done with hiking interest rate hiking, bullish news on crypto - but no, that's not really it.

There's been no big positive news in the industry. There aren't reports of some new, mainstream avenues of adoption. Sure, the stock market is up a bit right now in the new year, but not at the same level cryptocurrency is.

So, what's going on here? Market manipulation.

Read more of this story at SoylentNews.