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?
I don't think the market is impossible to be manipulated, it is possible to happening. If someone like bitfinex CEO own many cryptocurrencies,
he will be able to pump or dump the value of the coins in the market using their funds. But it maybe not an easy task.