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Bitcoin Price Sinks Amid a New Federal Probe Into Cryptocurrency Price Manipulation

May 24, 2018

Via: Fortune

Bitcoin’s price fell by more than 3% on Thursday morning following the news of a U.S. Justice Department probe into price manipulation in cryptocurrency markets.

The investigation was revealed in a Bloomberg piece that said federal prosecutors were working with the Commodity Futures Trading Commission on the private review.

The investigation is reportedly focused on the possibility that some may be employing tactics such as flooding markets with fake orders, in order to manipulate prices.

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