Bitcoin fans latch on to ‘ridiculous’ Jane Street conspiracy to explain price slump

It’s been a bad few months for Bitcoin, as prices have fallen over 40% since October. For investors this has been especially frustrating since, unlike in previous downturns, there has no obvious explanation for the market malaise. This week, however, the perpetually online crowd known as Crypto Twitter came up with a culprit: The secretive Wall Street firm Jane Street, which they alleged had been engaging in a surreptitious form of ETF-related trading that systemically depressed the market.