What is at the origin of this sudden and unexpected peak? Daniel Masters, director at Global Advisers Bitcoin Investment Fund, accused Korean traders of "market manipulation" via the Bithumb stock exchange and appealed to his LinkedIn relations to complain to the Korean financial supervisory authority:
It hit its all-time low of $ 5,426.00 on Sunday, its lowest since October 25, down nearly 32% from its peak of $ 7,888 on Wednesday.
Of course, Bitcoin is known for trading volatility and it tends to rebound quickly. It seems however that Bitcoin Cash is in competition with its motto "mother" in the stakes of volatility.
Trace Schmeltz, a partner at the Barnes & Thornburg LLP offices in Chicago and Washington, DC, a cryptocurrency observer, notes that it is not surprising that Bitcoin Cash is making rapid progress:
@tighilt
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Bitcoin Cash is really killing it over last couple of days. Literally. BS coin heading towards obscurity.
Wow, thats a very good information. Is it South or North Korea who made the sudden movement of bitcoin? its good to know this things coz we are investing our precious $$$ in here.
The Democratic People's Republic of Korea, located in the northern half of the Korean Peninsula, is a socialist paradise which only has enough electricity to light up its capital, Pyongyang.
Korean Peninsula at night, CC--BY-SA Roman Harak
The people of North Korea have loftier goals than playing with bitcoin
CC--BY Mark Fahey
Bitcoin's price manipulation must have originated in the capitalist hell to the south! /sarc
you can read my article on this topic
https://steemit.com/bitcoin/@tighilt/what-was-at-the-origin-of-the-bitcoin-cash-rally