Whose Red Flags? Kraken Says that Bloomberg is the One Manipulating Prices

[dalaganicole]

Bloomberg’s accusation
Bloomberg claims that while other cryptocurrencies fluctuate in price in accordance with buy and sell orders, Tether remains suspiciously horizontal.

Working off a tip, Bloomberg looked at 56,000 trades that were processed on the exchange between the 1st of May and 22nd of June, and consulted with New York University professor Rosa Abrantes-Metz and former Federal Reserve bank examiner Mark Williams. All concluded that the lack of movement was remarkable. None had seen a price fail to react to large transactions in this way.

Incidentally, Mark Williams infamously predicted in December 2013 that one bitcoin would be worth less than $10 by mid-2014. When in June 2014 the price got to around $600, he said that time would vindicate his prediction.

More here:   https://www.financemagnates.com/cryptocurrency/news/whose-red-flags-kraken-says-bloomberg-one-manipulating-prices/