I'm not sure, but in such a market condition, who else does agree that the government used a hidden identity and joined the crypto market to accumulate a large number of bitcoins, then sold it to affect its price? Or can the gov hires a couple well known personality to rule the every day news and kill it slowly?
Do not see only conspiracy theory in everything...For sure the crypto market is highly manipulated but I very much doubt that it is being influenced by the governments in this way. More likely it's just crypto whales who try to dump the price to buy at the very bottom and then pump back to the moon))
The Government already step in but not acting or step up the review on the issue of Regulation, i feel that it is unlikely for the government on making such active participation on the daily trading market on Crypto and ALT coins as posted in the market, what happen in the market with the recent drops on almost all Crypto and ALT coin was because of the Volatility on the market, market confidence drops resulting to massive sell off on the market, I think Government would not take the risk or even spending a single cent to influence the market. The regulation by the government around the globe is still fending....i see no government intervention.