The cryptocurrency market has surprised many by showing significant gains in the last 24 hours, despite regulatory concerns and economic instability. Key digital assets like **XRP**, Bitcoin, and Ethereum have seen impressive increases. However, suspicions are emerging among traders about market manipulation.
**XRP** has been at the center of attention, soaring by over 8% to reach $2.35. Although the market expected stability after the SEC settlement, some traders believe the price spike was artificially created. Many have pointed out unusual volume patterns, suggesting a bot-driven pump.
Traders observed that the crypto market moved higher even after the rejection of the GENIUS Act, which logically should have impacted prices negatively. Bitcoin climbed by 5.87% to $102,880.26, Ethereum surged by 20.39% to $2,170.88, and Hedera (HBAR) gained 10.39%.
This unexpected market behavior, traders claim, was due to bots manipulating liquidity out of **XRP** pairs and taking advantage of price differences across various markets, leaving retail investors chasing false trends.
Online discussions indicate a widespread belief that crypto markets, especially on Binance-led pairs, are under heavy manipulation by large players and automated systems. Traders anticipate that this manipulation will persist, with short-term movements being controlled by these entities.
Advice circulating in the community emphasizes a long-term approach, advising investors to accumulate during dips and avoid chasing artificial pumps. With fundamentals and traditional market forces seemingly absent, patience and conviction are considered the most reliable strategies for small investors.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
