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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?
Well, if the market cannot be manipulated, then why the price of cryptocurrency is volatile ?
I think the market can be manipulated by some peoples only, not everyone can do it.
But we should know that cryptocurrency still have a bright future, if the price low, we know there is a possibility that the market is being manipulated.