Share this article
MARKETS DAILY: Is Bitcoin Market Manipulation Profitable?
With markets recovering, we take a look at Bitcoins' recent behavior and wonder whether it's still a safe haven? Later, we're joined by Galen Moore for quick discussion on alleged bitcoin market manipulation...
Updated May 2, 2022, 3:45 p.m. Published Dec 4, 2019, 4:51 p.m.
Make us preferred on Google
Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter Brad Keoun run down recent action in the markets, interesting longer-term trends and some of the most important crypto industry developments of the day.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Having trouble with the embedded player? You can download the MP3 here.
On Today's Show:
- Crypto & traditional markets update
- Is Bitcoin getting boring? Is it still a Safe Haven?
- The Mechanics of Bitcoin Market Manipulation with CoinDesk Research's Galen Moore
- How Litecoin is dealing with falling miner participation
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin climbs above $89,000 as U.S. dollar tumbles on President Trump's remarks
The president said he isn't concerned about the dollar's recent declines, sending the greenback plunging even lower.
What to know:
- Bitcoin rallied above $89,000 as remarks by President Trump sent the dollar to its lowest level in nearly four years.
- Gold rose to a new record above $5,200 per ounce following the president's comments.
- One analyst is seeing a bullish technical divergence which could send bitcoin back to $95,000 in short order.
Top Stories
