If you've been around the cryptosphere, you've probably heard both camps on whether BTC is manipulated. Many say it's the "weak hands", others blame large institutions, while other's say it's all that MT GOX guy doing another dump? What do you think? Is it manipulated? Please include your reasoning on the matter.
Theoretically, it is possible to manipulate the crypto-currency market. This means that certain individuals and groups will always be able to agree on joint actions with the aim of extracting profits for themselves in order to influence the situation on the market. We have more than once seen the concerted actions associated with raising, or lowering the rate of bitcoin. Therefore, the current situation may well be the result of this manipulation.