"A new report has found that news stories about cryptocurrency regulation affect the price of Bitcoin and other cryptos. This might seem obvious to cryptocurrency watchers. However, what’s interesting is what the report found about the different ways that such news impacts prices. Notably, news stories about limiting or banning cryptocurrencies tend to have the effect of lowering prices. In contrast, news stories about creating new cryptocurrency regulations tend to cause prices to rise.
This means that even if the perpetual talk about cryptocurrency regulation is tedious, the correlations between news stories and coin prices means it is still relevant for investors."
https://hackernoon.com/regulatory-news-boosts-cryptocurrency-bitcoin-price-e196c49431ab
Topic: [2018-10-19] Regulatory News Boosts Cryptocurrency Prices According to Report (Read 143 times)
October 20, 2018, 04:50:09 PM
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