If an entity is large and powerful enough, is it possible for it to gain a monopoly advantage and manipulate the rises and falls of the virtual currency market?
Yes, all investors with sufficient financial power can easily control the price in this market. In particular, we can see that they make these transactions in the options that do not have too much transaction volume and they earn money as a result of these checks. Bitcoin price control has become quite difficult in the last 2 years, as market conditions and market volume are no longer low. Although difficult, the group of large investors can control this price at times. But we can see that there is no more price control over Bitcoin and investors are concentrating on other options. The lower the transaction volume of the designated cryptocurrency, the easier it will be to control the price, but the price controls in cryptocurrencies with very low trading volumes are not successful at times.