According to a study by the investment company Bitwise Asset Management, artificially inflating trading volumes by cryptocurrency exchanges does not affect the price of bitcoin..
Published on the SEC website document, analysts confirm that almost 95% of recorded trade turnover is fake or non-economic. However, a new Bitwise report says that these overestimated rates do not affect the formation of the exchange rate in the spot market..
According to researchers, effective arbitrage systems keep the real level of prices on global exchanges, quickly eliminating emerging discrepancies. The company also points out that the emergence of new regulated trading instruments, large algorithmic market makers and improvements in cryptocurrency storage services will significantly increase the efficiency of bitcoin markets..
Market Manipulation: How To Spot it & Save Your BTC
Earlier Bitwise and a number of other research groups pointed to biased indicators published by CoinMarketCap, so the analytical site promised to change the calculation methodology, eliminating the influence of unscrupulous platforms..
Exaggerations occur in various areas of the crypto industry. Recently Craig Wright registered WP copyright and original bitcoin code.
text: Ivan Malichenko, photo: timedotcom