I think most of us would admit something rather strange is happening across the crypto community in regards to massive fluctuations. This is Tuesday morning in central US time zone. I took a look early this morning and noticed an interesting pattern. During the night, about 1:30a.m. ish US central time, something hit BTC, ETH, and even litecoin. There's showing up a double dip within what looks to be a couple of hours in the charts.
This concerns me because now I'm beginning to wonder if major 'powers that be' have found a way to exploit this crypto system as they have for the precious metals and stock markets. It's well known that major market manipulation takes place within the metals, heck the whole system, to keep real assets suppressed. Unfortunately this has gone on for some say over a century. Needless to say I expect it to continue being manipulated into insanity land like it is being. While crypto may not be a hard physical asset, it IS an asset that can be exchanged for such, think silver, real estate etc. Perhaps what one can do is simply be aware and "don't drink the kool-aid". I like to think of it as every silver ounce I buy, I'm wringing the neck of some manipulative authority (insert your favorite name here).
Just something to raise the eyebrow this morning. What say you?