Bitcoin is being propped up

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Regulators all over the world been variously presented as an alternative form of money and that ranges from stablecoins supposedly backed by conventional currencies to banks such as the ECB in recent years. The ECB's words carry weight unusually scathing language, the ECB insurers and banks with crypto "an artificially induced last gasp the European Union's financial regulation.

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BITCOIN PUMP IS REAL...F***D UP
The price of Bitcoin (BTC) has risen in recent days, breaking through the psychologically significant $30, USD ($40, CAD) level for. The U.S. Justice Department is reportedly looking into whether traders used another cryptocurrency called tether to bid up bitcoin prices. Almost unbelievably, as the crypto market has continued to unravel into , Bitcoin has gone in the opposite direction, trading up 35% since.

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Thus, artificially propping up BTC in a price range where they could then quickly sell, pocket profits, and stor the money to back the Tether they just printed. Federal regulators closed Signature Bank on March If anything, fallen players such as Celsius and FTX were selling Bitcoin and pushing down prices to prop up their own coins. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. He says that collusion to prop up Bitcoin would mean that a clique of buyers agrees to purchase together when the price nears a floor.