Financial rating firm Weiss Ratings has spoken on the 20% correction experienced by Bitcoin, describing it as a simple and normal market correction rather than manipulation as it has been speculated. According to the firm, some people say the correction was induced by manipulation which may have been caused by a huge transaction that Bitstamp reported but it’s not.
The big hit
Bitstamp earlier reported today that there was a huge BTC/USD sell order on the exchange that made a strong impact on the exchange’s order book. The system was, however, able
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