The economics of cryptocurrency requires in-depth data analysis to understand the economic trends fully. The dynamics of the bitcoin markets is not easily predictable. Between 2014 and 2018 alone, the currency has lost and gained a lot of spice. As it remains the dominant digital currency, bitcoin trade has raised a lot of questions. Its volatility can reach a high of 200% in losses and returns. It is interesting how the bitcoin trade has changed in a short period of time. Although we do not expect the same trends with Steem and Ether, there is suspicion that the market trends for the cryptocurrencies is manipulated by major economic players. JP Morgan is one of the economic majors who have been linked with the manipulation of the bitcoin market.Known for its manipulative strategy in raising income, JP Morgan has been accused of influencing the bitcoin prices. Most individuals who understand manipulative economics know how volatility of the bitcoin prices could present a rich ground for manipulation. As traders around the world continue to embrace bitcoin and other cryptocurrencies, you need to study the market capitalization. At the start, the bitcoin market capitalization was about $80 billion. Well, the current value is 10 times higher than the initial market capitalization. Additionally, the trends do not require in-depth analysis to identify suspicious trading activity. The unprecedented regression on the market prices is a critical feature of the market. There are traders who control the prices directly. When they quit trading, the market prices plummet beyond belief. With specific dependent/independent varriables, you will find that the prices of bitcoins are artificially created. To this end, I believe that bitcoin is a time bomb. It is nothing less than JP Morgan and his manipulative empire.
