Market Cap
24h Vol
7054
Cryptocurrencies
82513
Markets
Cryptopolitan
2019-11-21 23:19:06

Fake crypto stats are still diluting the market signals, report

Fake crypto stats are a menace to the trading world since the diluted signals due to fake cryptocurrency market volume statistics are deemed a manipulative technique. In the first quarter of 2019, publications by Bitwise suggested that 95% of all trading volume is fake. Fast forward to today, and the issue, although reduced, still remains. Fake crypto stats volume issue not solved Bitwise 10 Exchanges were used by Chainalysis, which consisted of Bitstamp, Poloniex, Coinbase, and other similar exchanges. This served as a standard for exchanges that are reporting their trading volume. Finally, the ratio was calculated between Bitcoin received