An exchange lists fake data about the price dropping rapidly, then it buys the real crypto at the discount price (knowing that the price is "fake") on other exchanges.
After this, the same exchange spams fake data the other way around and sells the currency at the real or overvalued price = profit!
Today Coinmarketcap states that BitForex ethereum volume is $1,090,589,986, which is 40% of the whole market.
Really, coinmarketcap was such a trusted source of market data and now this is just a very sad situation. What do you think? What are your speculations about the recent price changes?
I've never heard about the data on price dynamics being faked, could you provide a source of proof? I still trust coinmarketcap more than anything and I'd relaly like to know whether it is not to be trusted anymore. I do remember an article on 'top' (de facto top, but the names don't sound familiar) exchanges faking their thading volume to get in the lists of the best exchanges:
https://www.blockchaintransparency.org/reports/. Any manipulations of such kinds are undermining the trust of people and that can only lead to panic selling. And yet I still believe that the main reason behind the market going down is non-believing investors and regular insignificant but bad news.