Bitcoin’s price is entirely manipulated by insiders. Last night, the market was in complete free fall. BTC plunged over -14% in just a few hours. If that rate of decline had continued, Bitcoin would have lost roughly 99% of its value in under 10 days So what does the Bitcoin cartel do? Behind the scenes, they print billions in unbacked, unaudited, and fraudulent USDT out of thin air, inject it into their cabal of centralized scam exchanges, and buy massive amounts of BTC to artificially prop up the price. Retail then naively thinks the market has bottomed, buys more, and creates a short-term bounce. This is plunge protection 101, and it is how they rig the market. Real demand is essentially nonexistent, so this bounce will be short-lived. Tether can only do so much, and they now intervene mainly in emergencies, especially as the feds are watching them very closely now. The stalled CLARITY bill is the real threat to Tether. Its last-minute rules they squeezed in would force every stablecoin to hold only U.S. Treasuries and get a full U.S. bank license, basically destroying offshore issuers like Tether. This is why so many "leaders" in Crypto are panicking, they know what's coming. Tether desperately wants to ban stablecoins yields to kill competition, but Wall Street is fighting to keep them allowed, and they will almost certainly win. When this passes, market manipulators like Tether will get replaced from rigging the markets. Wall Street will fill the void and take their spot.(Jacob King)