Bitcoin

Bitcoin Price Drop Not Caused by $3B Ponzi BTC Dump By Cointelegraph

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© Reuters. Researchers: Bitcoin Price Drop Not Caused by $3B Ponzi BTC Dump

Bitcoin’s (BTC) recent price drop has not been caused by sell-offs from a $3 billion Chinese Ponzi scheme PlusToken, according to researchers at crypto analytics firm TokenAnalyst.

As Bloomberg reports on Aug. 15, co-founder of London-based cryptocurrency analytics firm TokenAnalyst, Sid Shekhar, said that a Bitcoin dump by the PlusToken operators cannot be the cause of the recent price drop.

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