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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?
I think the market cant be manipulated because the cryptocurrency is a decentralized meaning there are many people behind of it that are controlling, so if you are trying to say that the market can be manipulated by a single person only its a no.
The market is always manipulated. If there was more money inside of the market then people would see that more.