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Bitcoin on the verge of sliding below $4,000 as crypto collapse resumes

Aaron Hankin
Bitcoin on the verge of sliding below $4,000 as crypto collapse resumes

The Justice Department has intensified its probe into crypto exchange Bitfinex and Tether, a prominent stablecoin, which some allege is artificially inflating bitcoin values, according to reports, including one from Bloomberg. The report comes after a University of Texas study linked issuance of Tether with increases in the price of bitcoin. In fact, this morning, a prominent Bitfinex skeptic Twitter user noted that the price of bitcoin jumped after an injection of $50 million worth of Tether.