The crash that happened last night had all the signs of market manipulation. It's no secret that the banks don't like cryptocurrencies so it would be easy to assume that they may manipulate the market like they do with the Forex market to try and destabilize it. That's what may have happened last night. There was a large drop in price on low volume. Only whales and banks can do that.
Here's a link to a recent event in the Forex market involving bank manipulation:
Banks fined over collusion in currency trading
https://www.bbc.com/news/business-59502600
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