Grayscale Bitcoin Trust (GBTC)

[Rawlens]

BitMEX on the Dangerous Side of the Coin – Cryptovest has reported unusual activity in the crypto market involving major Bitcoin trading platform, BitMEX. This is a digital wallet that stores digital tokens, a major platform on which most of the trades involving Bitcoin are traded. The digital wallet is reported to have received coins from about 17 different wallets totaling to “a hair above 18000 BTC”. What is more interesting about this transaction is that not only does it involve a very large number of coins but it also comes at a time when Bitcoin was just recovering from major losses against the US dollar. Per the report, the total dollar value of that transaction is in the region of $114 million. Although this may not represent even 0.1% of the total coins in circulation, it is a major transaction that can affect market sentiment. In this view, there has been a fiery storm on Twitter where the users have accused BitMEX of attempting to manipulate the market. Read more: https://marketexclusive.com/bitmex-on-the-dangerous-side-of-coin/2018/08/