Feds Open Probe Into Bitcoin Price Manipulation: Report

The United States Department of Justice and the Commodity Futures Trading Commission have opened a joint criminal investigation into price manipulation of bitcoin and other cryptocurrencies, according to a report. The illicit tactics reportedly being investigated include spoofing and wash trading. Bitcoin's share prices have been fluctuating wildly over the past year, ranging from $1,800 to almost $20,000, leading to rumors of price manipulation. News of the joint DoJ-CFTC probe pushed bitcoin's share prices to a six-week low.

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