Was The Bitcoin Pump and Dump More Market Manipulation?

A brief flurry of activity in late trading yesterday saw the digital asset surge over $500 in less than an hour. During late trading yesterday one huge candle saw Bitcoin surge $550 to wick out at $7,760.

The move was music to the ears of serial Bitcoin detractors such as Peter Schiff who wasted no time harping on about market manipulation. The USDT market cap chart was a little spurious yesterday with a dump to $4.07 billion followed by a pump to $4.14 billion.

Timeline of Bitcoin, Tether