Business
Can you manipulate the Bitcoin (CRYPTO:BTC) price?
The Bitcoin (CRYPTO: BTC) price is down 4.1% in the last 24 hours. You can currently buy one Bitcoin for US$56,577 (AU$73,477).
According to data from CoinDesk, that gives Bitcoin a market capitalisation of US$1.06 trillion. For an idea of the digital coin’s volatility, when I penned an article on Bitcoin exchange-traded funds (ETFs) yesterday, Bitcoin had a market cap of US$1.1 trillion.
But you’re likely reading this article to find if you can manipulate the Bitcoin price. And the answer appears to be yes. By as much as 1%… if you have $93 million.
How much does it take to move the Bitcoin price?
When Elon Musk’s Tesla Inc (NASDAQ: TSLA) invested US$1.5 billion into Bitcoin on 8 February this year, the Bitcoin price was…
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