Crypto analysts have accused Wall Street trading firm Jane Street of causing recent Bitcoin price crashes at the U.S. market open. According to Bull Theory, Bitcoin has consistently lost 16 hours of gains within 20 minutes of the market opening since early November, suggesting high-frequency trading strategies are at play. Another analyst, Zerohedge, supports this claim, pointing to Jane Street as the likely instigator. Additionally, analyst Ali Martinez cautioned that Bitcoin could face further declines following the FOMC meeting, as historical rate cuts have often led to sell-offs.
Analysts Accuse Jane Street of Triggering Bitcoin Price Drops
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