The Bitcoin F*ckery
A couple of weeks ago, we have seen the price of Bitcoin hit $5,000 USD. Then this past week we have seen the price dip all the way down to below $3,000 USD in some markets.
There have been a few negative news in the crypto space that had an effect on the markets. China is cracking down on regulations with crypto-currency and banned ICO's along with BTC China closing down.
JP Morgan looks like they got in on the action.
Just recently news.Bitcoin.com reported on JP Morgan executive Jamie Dimon calling bitcoin a “fraud” and claiming he would fire any employee from his firm who traded the digital currency for being “stupid.” Now it seems JP Morgan has been caught red-handed purchasing a bunch of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin.
That's Wallstreet for you.
