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?
CMC is not to be trusted, they already have a histority of data manipulation to manipulate the entire cryptosphere, but I doubt some they're behind the recent drop. What we're seeing lately is just blatant market manipulation, big whales playing games by dumping big chuncks of btc to scare off the weak hands and panic sellers so that the price goes further down.
I don't know if exchanges are also trying to bring the prices down, but I wouldn't be surprised to see them collaborating with the whales, at the end of the day, it's all a business.