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?
Some traders and investors depend on the market price before making an investment or trade. So, just a big dump on the market will make a ladder effect. Also, news on cryptocurrency drives the market demand too. Just one fake news it can change the whole market price of the whole crypto market.