Funny. I just wrote an article on this subject. While this Cartel may exist, there's no evidence for it. The correction so far (and that's what it is in my opinion: a correction as we have seen many times before with Bitcoin and many other crypto's) of 70% is nothing new or strange. Please read my article here: Market Manipulation or Price Supression? ... Or none of the above?

I'd love to hear your opinion! And of course, thanks for this post!