Latest article by
www.wired.co.uk stated that a newspaper by researchers at the University of Texas at Austin's department of finance indicates that someone at Bitfinex cryptocurrency exchange may have artificially inflated the price of coins including bitcoin, ether, and Zcash. The responsible for this appears to have been Tether, a cryptocurrency with the same CEO as Bitfinex.
What are your thoughts about this? Do you think they really manipulated the price? Is it possible?
Yes its true that the market is being manipulated since Tether came in the ecosystem. When tether became available in the market, Bitcoin manipulation became a disease in crypto. Since no one knows what is the real supply of Tether, they can manipulate the price so easily.