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Luongo: Bitcoin Pumps and Dumps into Quarter End

Luongo: Bitcoin Pumps and Dumps into Quarter End | Money & Markets

Bitcoin has been on a tear recently. So has gold. On Wednesday we saw a spectacular pump and dump that pushed Bitcoin up and down nearly 25% in just over twenty-four hours. Once the market went completely vertical sellers came in with such ferocity it took down major exchange Coinbase for a few hours, recalling the peak in 2018.