I have to agree with you, there has to be some significant manipulation in the crypto market by large banks or very wealthy private investors.
The very nature of crypto currencies is a threat to the financial establishment as a whole.
If we expect to be truly financially free and sovereign we need to keep our funds in crypto and not banks. We will ultimately see gains and declines naturally, but this smells of text book manipulation by large banks.
How else do you get people to stop utilizing crypto if the price is driven up by demand/supply?
Subversion and infiltration are the tactics that have defined banks and intelligence apparatuses that aid them.
Good post. We need to clearly define what is causing this, and another good question would be: why the significant losses in crypto markets and stock markets at the same time???