Bitcoin (BTC) saw its most successful recovery in history on Jan. 12 after testing $30,000 support, but market participants are already suspicious.
Guggenheim sell advice under scrutiny
Coming even more quickly than its prior fall over the weekend, the comeback marks Bitcoin’s best daily performance ever, both in U.S. dollar and percentage terms. The numbers will be confirmed once the daily candle closes, with press-time levels nearing a local top of $36,600.
No sooner was the recovery underway, however, did concerns appear over the authenticity of recent market movements.
Popular market analyst and Cointelegraph contributor filbfilb argued that the strength of the rally belied what was tantamount to market manipulation — thanks specifically to exchange outages and unofficial advice from asset manager Guggenheim to sell…
CLICK HERE TO READ MORE → [Trader cries foul play as $30K Bitcoin price dip ends in biggest-ever daily recovery ]