The price and news seem never correlated. We were poured with all the positive technology news, yet cc price dropped. And sometime there is no news yet price doubles. Nobody knows what will happen in the near future. When are we getting a distributed exchange network that could facilitate all financial transactions, making them less expensive and more efficient? I'm starting to wonder if prices are manipulated? If whales dumped BTC, they must have done so to buy back at lower price, am I right? If thats the case they plan to sell at much higher price in order to make profit, bull will run, right?
I wouldnt say yes, but the price is mainly relying on speculation and being manipulated. The reason is because the market is highly volatile but I believe that if the market cap reaches trillion it wouldnt be possible for anyone to control it again. I dont know how long thats going to take. Or maybe if everyone buy and hold their coins, it will also be difficult for the whales to control the market price.