Here’s an indication that bitcoin has been infiltrated by Wall Street.
The crypto has become the latest victim of “buy on the rumor, sell on the news.”Bitcoin traded as high as $7,856 just prior to the crypto community developers decision to put off the fork called SegWit2x, which would have split the digital currency in two.
As news of the delay came out the price of bitcoin fell to $7,110 in the next two hours. I do not believe this price action was blow back to merits of the decision since the decision was not on the radar of most new bitcoin holders.
Thursday morning’s price is back to the post-fork news lows of $7,112 after a rise during usual Asian trading hours, like I wrote here there is a curious rhythm of bitcoin trading across the globe.