Topic: Bitcoin Market Price in Respect of News - page 4. (Read 518 times)
News have always played a pivotal role in determining the price movement of bitcoin. As positive news results in market uptrends, so negative news also have effect in price downtrend of the market. Some people really take advantage of the event of news to accumulate more bitcoin when the news is negative and the price begins to drop, showing a good sign of buying more. And on the other hand, sell when there’s a positive news causing an increase in the price of bitcoin. In every news, there’s always advantages and disadvantages but one should always trade carefully to reduce the risk of loss.
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Of course, positive news about Bitcoin sometimes really does contribute to the market uptrend, But sometimes it might not really be the news but some other things. Some months ago, I think it was during the period when El Salvador approved of Bitcoin as a legal tender, and the price of Bitcoin really did see an uptrend, but some people were really saying that the rise of the price of Bitcoin then was not because of the news but rather something else, which later it was discovered that there were two incidents that took place then and it was not certain the one that leaded to price increase.
Although the price increase of Bitcoin yesterday really happened so fast, I was just monitoring the market that yesterday, and I can say it might be because of the announcement the FED made.
Although the price increase of Bitcoin yesterday really happened so fast, I was just monitoring the market that yesterday, and I can say it might be because of the announcement the FED made.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price,
The news coupled with other events have effect on the market, they fall under fundamentals and what you will analyze fundamentally if you trade cryptocurrency. The nature of the news can influence people's action in certain ways. A positive news about bitcoin will encourage people to buy, while bad news concerning bitcoin will make people who have bitcoins want to sell, or reduce the demand for bitcoins which then affects the price. The news influences the price of bitcoins. 
On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
This exact statement may not be captioned on the headline but we are all familiar with how SEC recently identify bitcoin from other cryptocurrencies as the only digital asset they recognized, which means the government itself as a whole is getting to understand the difference now between bitcoin and other cryptocurrencies, there comes in a little stir whenever government made mention of anything that have to give credit to bitcoin, same also was when the approval for spot bitcoin ETF was made and when the first display of interest was made, the breaking news make a stir in the market price.
News have significant impact on the price of Bitcoin and in most cases news help push the price upward and when there is fud it will be downward drop, this is a noticeable feature in the Bitcoin market and that is why bitcoin is a speculative assets that one need proper guidance as to what to expect from it price.
On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
On a second note you mentioned that the FEC consider bitcoin as a currency in your statement, but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.
https://twitter.com/BitcoinMagazine/status/1689020443091460097?t=TAvL7VkY61CjyiTxhPjU2A&s=19
https://twitter.com/BitcoinMagazine/status/1689020443091460097?t=TAvL7VkY61CjyiTxhPjU2A&s=19
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