$BTC

Bitcoin manipulation occurs when individuals or groups intentionally influence its price for profit. For example, "pump-and-dump" schemes involve coordinated buying to inflate prices, followed by mass selling to trap unsuspecting investors. In 2021, allegations arose of market manipulation when Elon Musk’s tweets caused Bitcoin's price to spike or drop dramatically.

Another example is spoofing, where traders place large fake orders to create an illusion of demand or supply. In 2017, a single entity known as “Spoofy” was accused of manipulating Bitcoin prices using this tactic.

Additionally, exchanges like Mt. Gox faced accusations of wash trading, where they created artificial trading volumes to lure investors. Such practices highlight the need for stricter regulations in the crypto space.