Bitcoin Forum

I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

I think not only bitcoin, like currency trading, stocks, bonds and others are also very sensitive to economic news because it will affect demand in the market resulting in price volatility. The SVB incident certainly makes investors doubt the continuity of financial management at banks and of course has an impact on fiat currency confidence, and its position here if I mean we are in the phase of looking for the best financial system, and indirectly this can be called a war of the two systems finance.
if the fiat bank crashes then the profit is bitcoin because investors' trust will return to bitcoin.

The effect of nees affects bitcoin price there's no doubt but not all the news and nit to a reasonable extent it got to affect it, bitcoin price has many other factors that dictates the flow of it price conditions of which the role and influence of news is one, demand and supply is another reason to this, only the economic and financial news on digital technology has more impact especially when the news is captivating a d fast circulating on certain event or occurrence believed to be true or false.

It is the volatility of Intermarket influence. There is a balance between assets-economic overview-international relations, political situation-economic indicators-monetary policy.
If one of the above factors changes the other values will follow, so don't be surprised. Try to study the Intermarket and you will see that everything makes sense and maybe you will make the right judgment in your trades.
Bitcoin is also just one of the products on the market and is especially volatile due to its extremely small capitalization compared to the rest of the markets.

The market capacity of Bitcoin is still small, which did not maintain one trillion for a while, while to reach stability, I think we need a market capacity between 5 trillion to 15 trillion, which means that we are still very early.
In order to reach that capacity, the demand must increase, which may take from 5 years to 30 years, which is sufficient time for this technology to mature or be replaced.

If you notice, the percentage of impact in recent years is much lower than the situation was several years ago.

The answer to the question about the impact of economic events on bitcoin is quite simple - now traders who trade on regular exchanges and on cryptocurrency exchanges are practically the same persons. Big capital has been coming into the cryptocurrency world for a long time, and it has brought its own rules of the game.

Simply because its market value is dependent with demand and demand can be influenced by many factors. In such way that demand is changing because of factors, it reflects to the market price of Bitcoin and also other cryptos. This have been asked countless times but volatility itself is not something to be understood by anyone especially new ones in this industry.I agree, all investments and assets are having volatile market value. Or should I say anything in the market or any industry that market prices are dependent with demand. Determinant of the market price is demand and supply, also volume. As long as these determinants are being affected,  expect changes as well with their market value.
Not all traders in this industry are traders of stock market, I assume. Also, it is not only economic events which affect the market price of any asset.

How did tesla stock go from $300 down to $100 and back to $200 inside of the last 6 months.

https://i.ibb.co/CB29Ppk/tesla-crazy.jpg

Image link:  https://i.ibb.co/CB29Ppk/tesla-crazy.jpg (https://i.ibb.co/CB29Ppk/tesla-crazy.jpg)

The same principles and market mechanics behind wild stock market swings of the last 3 years.

Are similar if not identical to the ones behind BTC price movement. "Market speculation."

Bitcoin exhibiting lower volatility in contrast to US stocks like tesla in 2022, should be noteworthy. Why is it not being discussed more?

Exactly as others stated, its basically people who are in the market. When you have something as huge as this happening somewhere, it would be impossible to ignore it, you and I may not be affected by it because I am not American, and this bank doesn't directly impact me at all, it could crash to zero all I care and I wouldn't mind. However, when we are talking about a situation where everyone there gets affected and gets out of the market, then the price drops, so I get affected as well, so I get out, and you get affected, then you get out and.. as you can see there is a chain of reaction. Works both up and down.

quite literally every investment instrument was affected by these news, this is because the relevancy of the news that could affect world economic, if the news says there gonna be massive crisis all the stocks, real estate, etc gonna get affected for real, bitcoin is one of investment instrument of course it's only normal that it gonna be affected by such news that could quite literally change the current circumstance upside down.
most are just gonna save their investments from the imminent disaster and you should consider the reaction of the market as one of the defensive mechanism by the investment market participant, if we care about our own assets then they certainly do.

Bitcoin is highly speculative and just generally the whole market place is awash with hot money, which is the dollar trade and cheap money has been an apparent trend since 2008.  It never really goes away that people have cash to speculate on various sectors and the popularity varies.  When we get bad news (globally), its a smack on the nose.
   The world is massively inter connected now, Dollar dominates probably far more then it should relative to its trade percentage but the system is quite reliant on this hierarchy still that what happens to dollar echos around the world.   The fastest moves are because of the speculative and large banking operations occurring, governments want large banks in order to deal the debt that occur with deficit spending true of most of the worlds largest nations.          

Bottom line you should take is that price is not an entire determination, its just a tag on the product on that day.  The market assigns a price, the one it chooses to capture the attention of the most people and get trade done.   In theory we could go full dictator and 'force' BTC price to be 100k but we'd see no interest, the participants would stand aside.  So whatever the price on that day, its thrown about to cause volume of trade not all prices are equal the volume done also is not always the same.  If one person did trade BTC at 100k it would not matter compared to a million who trade it at 20k; price is like a conversation and the modern world news and word spreads fast so the price alters alot also.  Not sure I explain that well but price is not a fixed absolute truth its a variable over time.                                                                      

Bitcoin price goes up and down due to movement of supply and demand that fluctuative. When more people buy a bitcoin, bitcoin price will increase, otherwise when more people are trying to sell their bitcoin, bitcoin price will go down. Off course this supply and demand is very sensitive towards news of the moment, Because professional bitcoin traders with huge volume of bitcoin and majority of common traders react in anticipation from the moment or news happened, and do not react when the event is reported. That is the reason why bitcoin price affected to the news. This concept is not different to the stock price.

The Bitcoin market as well as other markets such as securities, foreign exchange, gold, etc., are all part of the world economy and are closely related to each other, so negative impacts cannot be avoided, as well as positive effects. Nothing in this world can exist independently, bitcoin to exist also needs electricity, the internet, and our needs, and to invest in bitcoin, we also need money and so on, you can see the connection between everything in this world is very close.

There are several reasons, in my opinion the most important ones are the correlation that Bitcoin has with technological stocks, the participation of whales in the market and the relatively small capitalization Bitcoin has in comparison to other industries.

Whether we like it or not, there is a lot of people who view Bitcoin as an investment rather than a currency and the point an investment like that is hoping an increase in value and as well financial stability so one can continue to increase the portfolio.

Bad economical news may mean people won't meet the demand as expected by traders or even may lead some to sell their satoshis to pay for food and rent.

It doesn't matter if you ask more questions than that. I think you need to look at world economic issues, maybe from ancient times to the present, or look for future technological perspective documents. And what you're seeing right now, I think it's as simple as the information needed to move prices and the overall downturn, almost any industry is in trouble.

Simply because it is humans with emotions that invest in bitcoin and not bots.
Humans will always try to react to whatever news circulating the society and act towards it.
This is why bitcoin fundamentals is important and not only bitcoin  but also other volatile assets like bonds and stocks.
Then don't react to much to it such that it won't turn a FUD.

Economic news influences not only bitcoin, but also all other assets, such as the securities market, the stock market, and everything that is generally part of the global economy. BTC is part of the financial world and therefore is affected by any changes in it. This is how it works and should be taken for granted. You give a negative example with the problems of the American bank, like SVB, but any economic news affects btc. That is, it is the news that pushes the growth in value and can be the catalyst for a new bull run. This influence can't be avoided, but can be used to your advantage if interpreted correctly.

How you can say the news of SVB issue was affect Bitcoin price when the price only changed for less than 3%? it's just a normal volatility and there's no such bank issue affect Bitcoin price! it's different if the Bitcoin price changed for 10-20% in a single day when the news comes up, it's mean news is really affecting Bitcoin price since there's sudden change and not a normal volatility.

To be honest, here on the financial scale, crypto is still an area full of risks as well as opportunities. We have a lot of topics discussed on this, and from the perspective of my limited personal understanding of Bitcoin investing, what I learned is to turn the original 1 BTC into more than 1 and not care much about it long term because absolute trust will be exposed over time, as the field shows. Always feel lucky for many of us who already know things that they don't know and have to know how to make use of them,... then I think it's time for the individual creative part to come to the organization for the same goal of creating an easy environment.

We have to accept that the Bitcoin market are also "infected" by a lot of speculators. These people do not care about anything other than profit. The speculators are very trigger happy, because they have to protect their profits, so they will dump at the slightest indication that there might be trouble.

They will sell their bitcoins before it happens and then move that money into other "safe heavens" to protect it. That is why the market are influenced by negative news.... even if that news are bogus. (FUD)  :P

do you think Bitcoin is the only reason why the economy has been affected according to the news? I think you are wrong in your opinion on that dude.

In addition, even before the SVB was closed, bitcoin's market value was already up and down. I doubt that's because of the svb dude. There are many reasons why that happens, you should know that.

The fact that we are looking at its daily price, and such a future has one side in trouble is going to be difficult. And there is no difference here, BTC has a small part in the economic market. And if it doesn't react to information like this then I find it unusual.
Anyway BTC should be one of the financial portfolios, see the reaction of gold, oil, ... are reacting.

In my Opinion One reason why Bitcoin is affected by economic news is that it is often seen as a speculative investment, with many investors buying and selling based on market sentiment and news events. As such, any news that affects overall market sentiment, such as changes in interest rates, government policies, or major geopolitical events, can have a ripple effect on the Bitcoin market.
In the case of the SVB issue, the news may have caused investors to become concerned about the regulatory environment surrounding Bitcoin and other cryptocurrencies. This could lead to a sell-off as investors become more risk-averse, or it could cause increased volatility as investors try to gauge the potential impact of the news.

It is normal, many people who invest in properties through stock or real estate can get panicked, they react to bad news, they can get panic because they don't want to see their money lose some large percentage, it's the same with crypto investment, and once they start pulling out their capital the stock value or crypto value will be affected.

The answer is on the surface: bitcoin has no real value, it is a purely speculative asset, and almost anything can influence its value. And influence both in the direction of growth and decline. And we do not take into account the influence of real market manipulators :) This is an ordinary market effect - if an asset has no real security, a cost price close to zero, wild volatility ... Therefore, for now, its purpose is sometimes to play the role of a high-risk investment instrument, but storing your assets in it is stupidity. At least devirsification, into fiat, gold, ... and some part in cryptocurrencies

Of course all news will affect Bitcoin's performance because Bitcoin users are globally, but the percentage of influence certainly depends on the community in the country, USA users are certainly very large so that anything related to the news in the USA will affect Bitcoin, the last of course when there is bankruptcy FTX who brought a big shock in the market

Why is your account Archived, I'm seeing that in your profile and this is my first time seeing that status on a bitcointalk account profile. Back to your question, my friend, you see SVB is one of the oldest Crypto banks in the crypto space according to CoinDesk, and it's custody to other crypto custody like USDC, PAXOS, and some crypto exchanges. If you remember when UST collapsed last year due to deppeg, which affects other protocols and Lock bitcoin (wrapped and unwrapped), a similar thing happened to USDC, the SVB bank became insolvent and unfortunately, USDC had about $3-4B trapped in the bank and people hold USDC panic and start selling USDT to mitigate loss and not repeat what happened to UST occur again but fortunately, USDC covered the loss and burn some USDC with their reserve and everything becomes normal again and that's the reason you see Bitcoin was dumping.

Bitcoin continues to shine and this week has gone up more than 33%, of course this is a strong indication that this year the market can rise again, it's not wrong if many people believe ATH will occur in the range of $ 80k, it's time to keep buying and never sell again especially at a low price and loss.

Bitcoin makes good hopes for the future, today there was an increase of more than 7% and now the price position is more than $ 26k, I believe that slowly the price will recover and of course we can get big profits, this is because at this time I make bitcoin as an investment first choice.

I would guess that there isn't really that much of a "value" in other things that you named neither, by logic we put  value behind them and that's the issue .Gold has a value? What kind of value does gold really have, how much of it is used for something important and needed?

Sure it is "used" in some stuff outside of jewellery but so rarely, which means that traders are the ones that decide it. Hell most stocks are like that as well, we could all sell our stocks and it would crash and most likely even bankrupt the company if we did that, which is an issue. On the other hand, we are talking about a situation where bitcoin is not really different from any of them.

There are recessions, bank related problems as well economic issue in USA now that affects not only the US investors in stock but also any money related organizations. It is natural for the people to react also in their Bitcoin investments since some make trading crypto as their living income and uses it in their spending. That's why we need to diversify our investment and not only save in bank, stocks or crypto but to have multiple investment and sources so when problem occurs we have still some at saved.

I think because bitcoin is a commodity too so it causes an effect for that, when the bank goes into disruption, people start to get scared and take all their money and then invest it in other sectors like crypto or something so there's a big transfer of funds then then the crypto market going up, investors will always be looking for a better place at that point.

Before, it wasn't like that. Whenever there's some news about economy related topics that were definitely bad news, it doesn't affect bitcoin a lot. But the dynamic changes, market changes and fundamentals have been greatly increasing for bitcoin. So, having this question play on your mind isn't really dumb at all. We're all wanting to know why it's like that and you'll get various possible good answers from here. Since there have been a lot of change in the market, adoption have increased and that's why having this question is also the same like thinking why every economic news affects the global markets. Let's think that, all investors and traders do follow the news because it is the market mover every time there will be a news release coming from FED or any bank that's in closure or collapse or anything related to them.

Very interesting.  In my opinion, The main reason why Bitcoin is so often affected by economic news is because it is still a relatively new and volatile asset. As a result, investors and traders may be more sensitive and reactive to news and events that can affect their value. Additionally, Bitcoin and other cryptocurrencies are often viewed as alternative investments, meaning they may be more susceptible to market swings and shifts in investor sentiment.

In the case of issues with US banks like SVB, there could be several reasons why this could impact the Bitcoin market. For example, if a bank stops providing services to cryptocurrency exchanges or companies, this could limit investors' ability to buy and sell Bitcoin, which could impact its price. In addition, news about regulatory crackdowns or other negative developments in the cryptocurrency industry can also affect the value of Bitcoin, as investors may become more cautious or unsure about the future of the asset.

Bitcoin even today is still something very interesting and fantastic for our circles but for the world bitcoin is not that big. Now we can be said to be still in the form of development so obviously this will be greatly affected by the economy. but on the other hand at this time it is actually not only about bitcoin or crypto but obviously all types of investments that have value in them will definitely be affected by the economy and this is something that will definitely happen.
But in this case we can conclude that actually the positive side is that when the world economy starts to improve this will also clearly affect bitcoin to improve again.

Bitcoin's value is often tied to its perceived utility and adoption as a payment method or store of value. Economic news and events that impact the wider financial system, such as changes in monetary policy, currency devaluations, or financial crises, can also have a ripple effect on the adoption and usage of Bitcoin. and the main reason is because it is a popular alternative asset for investors looking to diversify their portfolios.

Bitcoin has a risk-free, fair approach to control.  Over time, the greater the importance and awareness of people towards bitcoin, the greater the belief in decentralized autonomy.  That is exactly how bitcoin affects every aspect of the economy.  Do you put your absolute trust in bitcoin or will you choose to take risks where you cannot be proactive and controllable?  I think that's also part of what drives bitcoin's influence and value.

Strictly speaking, many people exaggerate about bitcoin, but they don't know that bitcoin has no utility other than being a speculative asset. A tool used by sharks to create a money game where people take money from each other, but people are thinking bitcoin is creating value for society, lifting the poor out of poverty. It would be foolish to invest without diversifying, and even more foolish to think that bitcoin is something that will yield returns without risk and invest it all.

actually it's not only bitcoin that is affected, but other sectors are also affected, you say why bitcoin is always involved, because many people have put money there, so when good/bad news comes, the price will immediately fluctuate.

Bitcoin is a digital currency that gains value over the trust people have in it. The more trust people will have in BTC the more money they will put in BTC which will increase the BTC.D (BTC dominance) and result in an increment in BTC price. So now I hope you may understand what is behind the BTC price that impacts it. There is a number of factors like News Cycle, and Fuds, you have to keep an eye on all the fundamental and technical signals. But one factor among all those is common which is People's Trust. Once it is dropped by any factor or increased by any factor you will see high spikes in BTC price candles. Why?

Because trust is what drives the price of BTC. Now coming back to your query about how BTC could be impacted by Economic situations, I must say you should ask a question first as a prerequisite, which is; how do people react to economic events and vice versa? If you (people) see an economic event that is good for the market they will trust it more and boom prices are high again. And if any economic event is found bad for the market by users then trust will also crumble resulting in a Downfall of the BTC price. This is the simplest explanation to your query not doubt the factors of economic effectiveness on BTC's price are numerous but I tried to mention the common one which (factor) is driven by all the other factors.

Talkin about SVB people started to withdraw their assets from the bank once they saw the liquidation conditions of it. This news and information act as a factor that plays with the trust people have in SVB that affects all the other markets. I made a post about how the bank's downturn affects BTC price this could also help you.  (https://bitcointalk.org/index.php?topic=5442000.msg61848552#msg61848552) (Note* this hyperlink post is not about all the banks but logics is same)

It's because we guys have habit of correlating all movements in bitcoin with something or the other. I feel these movements that happen in bitcoin are just cyclic. They don't always happen due to macro economic reasons. Like this time market was already pretty oversold at this point when this news came in and market boomed up. Moreover these are very very small movements and bitcoin doesn't really have a lot of effect on longer term prices. Even stock markets face these attacks.

Economics news have the greatest impact on the success of bitcoin. Good news is directly related to the enhancement of worth whereas its where as bad news are inversely related to its profits.

Bitcoin is very essential for achievements of goals and its value rise as the demand of people rises. So whenever the bad news arises so the people interest towards bitcoin decreases therefore it directly impacts its value.

So it's very simple logic that whenever news comes about bitcoin it's bad or good but it's effect on price will be greater.

because bitcoin has become a place of investment among many people, and people have started to know about bitcoin.
they will continue to grow, so it's no wonder bitcoin is impacted by that.

I would guess that there are plenty of people who are working towards growing the community, some people like to spread the word but the news are doing it for us instead. Since the media took attention to bitcoin long time ago, I would guess that it is going to be as decent as it gets for the future and I should be not really straining myself to get more people involved since I can reach out one by one whereas they do it by millions.

Almost everyone in the entire world heard about it so far, which I guess that it should be decent and not really a trouble right now, they will either join or not but at least everyone knows about it.

Bitcoin is a proof of work based coin. So its market price could vary on people's behavior. Bitcoin is borderless currency and used by people all over the world. So any news regarding economy could divert their mind and force them to do such thing that they may have to sell their holdings or exit the market for some period. And it's like a chain reaction, if it happens in a large scale, others will exit the market in order to keep their profits or decrease their loss percentage.
But not all news related to the economy could affect the bitcoin market. And some could be good and some could be bad.

Bitcoin or other types of investment and high risk, of course, are very easily influenced by any news, even though they don't have fundamentals like stocks, of course, investor considerations are very detailed, including any news related to investment, for example, if there is a policy that prohibits bitcoin in a country, it will create panic. temporary and affect the market.

Because legal or not legal things in that country really affect what else, like the big country of the United States, it clearly really influences not only bitcoin but all of it, I think

They are just news. It may have some negative impact on Bitcoin's price but Bitcoin will always find its way for recovery. Even if there is no economic news, there is still volatility which will still affect the price of Bitcoin but this ain't affecting the success of Bitcoin either. In fact, it was one of the drivers to help Bitcoin succeed because many people are going to enter or buy more coins when the price is down.

We have different goals in life and it's not always about money or getting rich so no, Bitcoin is not very essential on achieving them. If you are a solid Bitcoiner, no bad news can affect your interest towards BTC but only newbies are the ones who worry and panic.

Any policies carried out by big countries are of course very impactful, but we should be happy because the USA legalizes bitcoin and regulates cryptocurrencies, it is only natural that some of the top exchanges based in the USA get high trust from investors, and of course the US government sees that there are opportunities and benefits to be had by legalizing cryptocurrencies.

Your Bitcoin insights and its role in our lives are much appreciated! Indeed, not everyone needs Bitcoin for their objectives, but it undeniably serves up fantastic possibilities for those who find it intriguing!

As I see it, Bitcoin signifies much more than mere currency or speculative pursuit. It's a beacon of invention, independence, and challenging the status quo. It confronts age-old financial institutions and gives us a novel approach to considering currency and ownership.

There is nothing to apologize about, we are learning every day.

You should know that Bitcoin is an asset, and it's a risk-on asset class. This means that Bitcoin is not in isolation, any news and events that affect any of the risk-on assets will surely affect Bitcoin. This is because it is paired with important currencies and assets like BTC/USD, BTC/EUR, BTC/GBP, BTC/Gold, BTC/OIL and others.

Many might not be shown by your exchanges and brokers, but are elsewhere. So, anything happening to the USD and many other currencies/assets paired with it will always be having effects on the coin.

All currencies are very influential on economic development, of course this also includes bitcoin because bitcoin is a digital currency that is currently used throughout the world, but not all news can affect the value of bitcoin, because there are many other factors that affect the rise and fall of bitcoin prices, then in this case fiat currencies have become a threat with the existence of bitcoin so that some countries are starting to think bitcoin will be legal tender in addition to currency  Fiat, and currently Bitcoin has become the largest investment so that any news related to the economy has a big impact on the value of Bitcoin.

Bitcoin is one of the digital currencies that is currently so popular among the public, so that a lot of economic news is currently very influential on the crypto world, especially Bitcoin, so in this case many large banks have relied on Bitcoin to be used by customers in investment so that the decline of Butcoin is always followed by current economic flows, So don't be surprised that the value of Bitcoin today has a major influence on the development of the crypto world.

Bitcoin is the only coin that dominates the cryptocurrency world.  So investors buy and sell based on market news events.SVB wants people to be concerned about exactly the same issues.  Bitcoin has no fixed value, anything can affect its value.When the value of Bitcoin increases, the value of other coins also increases.  Also, when the price of Bitcoin starts to decrease, so does the price of altcoins.As the price of Bitcoin is increasing now, it indicates that the market may rise again this year.  When banks fail, panic spreads among people, and they tend to invest in alternative methods.

Bitcoin, like any other asset, can be influenced by a variety of factors, including economic news and events.
In the case of the issues with US banks like SVB, it is possible that investors are concerned about potential regulatory action against Bitcoin or other cryptocurrencies, which could reduce demand and cause prices to fall. Additionally, if investors view Bitcoin as a hedge against inflation or a weak economy, they may be more likely to buy Bitcoin during times of economic uncertainty, which could drive up prices.

Not only can it be an influence for other countries and for the world, but it can also be a good example for other countries who already believe in cryptocurrencies and Bitcoin. And in terms of legalizing cryptocurrencies, especially Bitcoin, as was done by the state of El Salvador, of course, it is always necessary to keep the country's economy stable and undisturbed by the presence of cryptocurrencies and Bitcoin into society.

Citizens in this part of America should be happy with the legality of cryptocurrency and Bitcoin there because they can be a little more free in using cryptocurrency and Bitcoin in their daily activities such as using it when shopping. But I still don't feel happy if other countries on the continent besides America still haven't legalized cryptocurrencies and Bitcoin because their use is still very limited for those outside the Americas.

It mostly influenced by the market which is the people who hold Bitcoin, there are a lot news has no relation with Bitcoin, but people tend to think that's news are behind of Bitcoin price dump/pump. Some news like Bitcoin is banned in China, top centralized exchange going bankrupt, Bitcoin new development or feature are actually correct to say it will influence Bitcoin price. But news like Bitcoin isn't environmental friendly, Bitcoin is used to scam, money laundering etc are wrong.

There is no concrete answer to this, we can only guess.

Bitcoin buyers/sellers are also investing in different sectors like stocks/commodities and they usually keep up with the news that breaks the internet. Hence an association of crypto with SVB and Silvergate made them think that crypto markets would drop after that news, I believe it was the reason for the dump, but you cannot confirm nor deny this because the proof will never be found. But this is usually how the market reacts to a news.

What was not expected is the rise in bitcoin price after this dump.

In general, you should not be bothered by news, your goal is to accumulate bitcoin at every dump, treat them as just some numbers, keep the emotions out.

I quite agree with this opinion, because Cryptocurrency currency is still relatively small in demand even though it looks so promising like bitcoint, even though there is a lot of news on the Internet that raises Crypto currency but in fact in real life there are not too many who follow and enter the Crypto world, so see from this point of view the growth of bitcoint will also always be influenced by many things from various aspects of the economy and policies, and the large demand for blockchain technology.

The United States is also just a country in the world, they do not have the right to control or dominate the whole world. I mean, if they don't legalize bitcoin, there is nothing to fear, bitcoin can survive and thrive without them. They need bitcoins, bitcoin doesn't need them, as long as there are other countries that accept bitcoins, it doesn't matter if the US legalizes bitcoins. Bitcoin is the technology of the future, if they don't accept it, they will become obsolete, being a power they have to understand that.

I would guess that El Salvador type of situation is a bit more governmental and not individual based. They have to use it, in a way that they have to accept it as a payment, but they could always turn that into fiat right afterwards if they don't want to deal with it, whereas if they are doing normally and want to invest, then that is up to them.

But, when we are talking about the government they have to accept it and invested in it and they have so much bitcoin, hence when the price of bitcoin goes down, the government gets affected by it as well. I guess that it will be a lot better when the price goes up, it will allow the government to make a profit and use it to make the nation better.

It can be said that bitcoin is a very popular global investment, and of course all types of investments are very affected by any condition or news, if there is a policy or rule that can make a big impact it will make users immediately give a positive or negative response.

Whatever happens to this world, of course, has an impact on bitcoin, for example, some time ago when there was an earthquake in Turkey, many were selling bitcoin, so that it put pressure on prices even though it didn't have a long impact, big countries certainly had a stronger influence, for example what happened with China, Japan or USA.

Everything that has an important effect on the economy affects bitcoin.  That proves the importance of bitcoin to the world and because bitcoin is a place to create absolute trust, not fake, unobtrusive, uncontrollable, risk-free... in terms of human perception towards bitcoin  become familiar, as ownership - freedom awareness and belief in bitcoin become essential.  Bitcoin will continue to make an impact.

it's just that whenever the rich do FUD or some kind of bad news, bitcoin always goes down. small investors like me will be swept away by the control of the rich. because investors get bad news only investors will sell massively eliminating bitcoin volume, but everything will also return to normal again. bitcoin is a trusted altcoin

That's normal in my opinion because Bitcoin is still a relatively new and volatile asset, and many investors see it as a speculative investment. As a result, any news or events that influence investor sentiment towards risk can cause significant price movements. Additionally, global adoption of Bitcoin is still in its infancy, making it vulnerable to regulatory changes and other disruptions.

Bitcoin is a decentralized currency and is not associated with the government. However, when something happens to the world economy it can greatly impact the price and exchange rate of bitcoin.
Bitcoin can be influenced by several global economic factors such as stock market fluctuations, monetary policy and geopolitical instability.

Yes, human perception of Bitcoin varies widely, some people see bitcoin as a profitable opportunity and some see it as a fast and secure transaction tool for their ownership.

because bitcoin is a digital investment and it is part of the economy in the form of digital gold, and is bought on the market, the effect of the news itself greatly affects the value of btc itself where btc still has a small market scope so it is easy to shake with negative news, but negative news also occurs in other investment stocks, not only in bitcoin,

They also drop or rise as per news on the market. These is perpetuated by the weak hands who have loose faith in the asset and are only here for the short term gains, not the long term profits. The same picture is seen in Bitcoin traders and here is lack of faith is even more prominent because of pseudo-anonymity that Bitcoin provides.

We could see this occur if you observe the market well but we should use it to our advantage in order to buy at low prices.

There is no need to blame anyone for what happened, that's the way the finance market works, that's how it works. If everyone were a diamond hand, there would be no weak hands in the market, everyone would hold, no trade would take place, and the market would crash too. The market needs to move, and for it to move, there must always be trading.

Financial markets are like a gamble with winners and losers, you can't expect everyone to win. The market does not print money and distributes it to everyone for free, the market is where the money of the weak hands is moved to diamonds.

Because Bitcoin is indeed a digital commodity, its price can be affected by the same factors as other commodities, such as supply and demand, the influence of government policies, global economic conditions, and so on.

When disruptions occur in the traditional financial sector, such as problems with US banks like SV, it can trigger concern among investors and cause them to seek safer places to invest their funds. Some investors may choose to switch their investments to crypto assets such as Bitcoin because they see greater profit potential or feel that the crypto market is more stable and can provide protection from vulnerabilities in the traditional financial sector. When there is a large flow of funds into the crypto market, the price of Bitcoin and other crypto assets can increase significantly, due to increased demand.

Bitcoin is indeed a sensitive investment, the market cap is large at the moment and has reached around $540 billion but price fluctuations are still high, and in my opinion the thing that makes bitcoin easily affected is because all investors always monitor daily prices so that when there is any issue they will immediately react.

Bitcoin is an asset that is easily affected by various issues, for example if there is an issue where the company or bitcoin owner sells bitcoin it will make a big impact, namely the price will go down, or vice versa if there is a big purchase plan then the price will go up.

Not only do investors always monitor the daily price of Bitcoin, but daily traders also always monitor the price of Bitcoin so that fluctuations will always occur and this is also a very natural thing to happen because when demand and supply always occur differently in Bitcoin, of course price increases and decreases will also always occur in Bitcoin and this is always seen in the market where Bitcoin never stays too long at just one price.

Like other investments may it be crypto, Bitcoin or stocks it is affected by what economic situation the country is in. If there are on going economic problems, recessions or high inflation the investments of every individuals is affected too. Some withdraw their investments to use for their daily needs and left other investors at price decreasing due to those problems occuring in every country. That's why we will need to be updated in every news from technicals as well be updated in current news to have idea on what may happen or happening in our investments.

According to my mate is not only do investors always monitor the daily price of bitcoin, but  bitcoin is a decentralized currency and is not associated with the government. However, when something happens to the  economic it can greatly impact the price and exchange rate of bitcoin.And Bitcoin is a digital currency exchange so anything happens in the economic, it's affect bitcoin market,but the things that makes bitcoin easily affected is because all investors always monitor daily prices so that when there is any issue they will immediately react.Because Bitcoin is indeed a digital commodity, its price can be affected by the same factors as other commodities, such as supply and demand,the global economic conditions affect it.

The thing that makes bitcoin too easily affected is because it is purely decentralized so that no person or company guarantees the value of bitcoin, of course this is in accordance with the concept of a market that relies on demand and stock, especially now that many people easily spread good or bad news so that it affects investors in making decisions.

I think economic developments have greatly affected bitcoin, for example, the SVB bank that went bankrupt had a big impact on bitcoin because some people returned to risky assets like bitcoin and people returned to believing in Bitcoin from the bankrupt case of the SVB bank
What do you think?

Yes, the world economy greatly affects the price and demand for Bitcoin, when there is economic or geopolitical instability around the world, many investors are looking for alternative investments to protect their assets. Switching part of their portfolio to Bitcoin as a form of hedging. Fluctuations in global currency exchange rates greatly affect the price of Bitcoin. In fact, it is very difficult to avoid the influence of the world economy on Bitcoin completely because the crypto market itself is not isolated from global financial markets. However, to my knowledge there are a few solutions to reduce the impact, one of which is to reduce dependence on news and fundamental events outside of the crypto industry.

I see bitcoin as a financial instrument that doesn't exit alone or is in a world of its own. It exists with other financial instruments - stocks, bonds, etc. Thus, it is logical that what affects one may have an indirect effect on the other one.

We recall how during the inflation in some countries people moved their wealth to bitcoin and held it there. They didn't even want their net worth to drop even if it was a split second. These people already know that stocks and bonds would be affected by the inflation and they would be affect pretty badly.

However, once there economy has returned to its normal state, that it the inflation has dropped and they would most likely return to having their trust in the financial system and keep their funds either in the bank, or buy stocks and bonds rather than bitcoin. We have seen this happen a lot of the times since bitcoin was created.

Bitcoin is already a part of the world financial market, so it is inevitably influenced by news and factors of the world economy. Everything in this world is linked, and interconnected in many different ways, no single asset can exist alone. Bitcoin is decentralized, but it is created and used by humans, and people are the creators of the world economy. So there is no way to reduce the dependence or influence of the economy on bitcoin. In short, all fluctuations and news are created by us.

this only applies to the company that holding big Bitcoin like they can affect price but right now we call it whale on which  we always think that they control the price which the Truth is that they haven't. Mostly the reasons why Bitcoin was affected is that if there are economic crisis like inflation or banks going to bunckrupt it is because when there catastrophe like this people are also hard time in bitcoin

because of all things related to the economy, btc will be involved, especially big banking news like that, and also bitcoin is well known to many people so that bitcoin has been involved in many circles.

Bitcoin does not exist on a vacuum in which it can remain unaffected from everything that happens around it, this is even more true as the people that invest in it are not isolated from the economic consequences of the big news that appear from time to time.

I do not know why the OP could not figure that out as it is something very obvious, as if the country in which you live is going through an economic crisis is very difficult for anyone, even those which are rich, to remain indifferent to it.

Now it is not completely clear how the banking crisis affected bitcoin, there are suggestions that bitcoin in this case can be used as a protective asset, but even if this is the case, not many have used it, since we see that at the moment the price of bitcoin is falling, that is, at the moment we are seeing a correction, and so far it is not clear whether the price will continue to fall or grow.

Cryptocurrency cannot be isolated from the economic and even political processes that take place in society. Any news factors quite strongly influence its price. After all, the price is based on the ratio of supply and demand, and the position of cryptocurrency in society is not yet very stable. In addition, it cannot be denied that the cryptocurrency is very dependent on the fiat of states and its price is always expressed in the national currencies of these states. A distinctive feature of this market is the high price volatility of the cryptocurrency. This is a big risk and at the same time a big opportunity for earning.

If the matter is a guess, that cannot be called gambling, or it depends on the belief of a gambler, maybe if the gambler believes in gambling, it can be said that it is still gambling.  But even so, it is difficult to know if you will win gambling,  in short unpredictable whether you will
be lucky or not the day you gamble in a casino here in cryptocurrency. Then I didn't trip those Superpicks to gamble.

It is facing the same speculation that any other asset faces. There is stocks, commodities, housing - which all feel the burnt of the economy, bitcoin is not going to spared from that because the people who are investing are similar and their actions to dump at a red signal and buy at a green, contrary to what is supposed to be done.

What we should do is whenever they sell, we will buy at the low price. Then you will not worry about the price anymore but how much you have at hand to buy. All assets are affected in any economic problem, bitcoin is the least of the worries though.

The main reason why some BTC prices fall is the increase in the price of Bitcoin. Inflation and the high inflation in some countries have caused this price to fall down to $0.3 million per btc or higher.   
 
This is because the Bitcoin price is still experiencing a strong correction. People who are still trading in Bitcoin and other coins have been in this correction for long. It can even be that this correction is being taken because people are just doing the opposite of what they are doing now. 
 
The reason is because people are selling these bitcoin when they can get back on their holdings. It means they can take the Bitcoin back with them and get more coins to put into the market.   
 
When it comes to trading, Bitcoin price is still falling and the bear market is approaching. It is good to see that in the coming years the bear market is still on.   
 
For now, I believe bitcoin is still the dominant currency because no more people are selling these currency. The other major exchanges are already selling its Bitcoin.

you can buy at your own risk and as much as possible your spare funds. because whatever this market will bring to the table, we are only waiting for it to happen. at the moment, we can only speculate to what may possibly happen on its future.
as considered to be another financial asset these days, whatever is happening in the financial market, it will also be affected as the people are trying to move their assets including bitcoin.

This statement is not 100% correct. Strangely, during bullruns Bitcoin is mostly not affected by bullish news. On the other hand it's super sensitive to bearish news during bear times. Just an observation.  8)

Whatever happened to the global economic system had also give a huge impact on any investment platform which includes Bitcoin and the crypto market. As we can see, when the war between Russia and Ukraine is over, the price of Bitcoin got to start moving high. People have a hard time investing when the economy is low which obviously affects the buying volume of Bitcoin and the price decline. But people become aggressive when they are financially stable believing that this would save them in the future.

I think you also need to know, but world economic news not only affects crypto (bitcoin) but almost everything that is connected with all forms of financial transactions will certainly be affected. because speculators who actually carry out financial transactions will make any news about the economy a reference because it will indirectly give them options for what to do.

Bitcoin is a system that will be easily affected, when FUDs occur, many investors will immediately sell and it is proven that the massive spread of FUDs makes the price drop again below $ 30k, now our hope is of course to see prices rise again so that investor confidence grows and year this can make new ATH again.

Simply put, bitcoin is also part of the world economy, part of our world, and everything is interconnected. No property can exist independently in this world, including ourselves, we will die if we disconnect entirely from the world.

That is why I believe that once our economy has not recovered and stabilized, it is difficult to see bitcoin grow strongly. Many people are expecting ATH this year, but for me, it is not possible because the world economy has not solved the problem yet. The difficult economy means that people will not have too much money to invest, so it is difficult to expect bitcoin to increase in price.

Indeed, the recent surge in Bitcoin's price may prove to be its undoing. That old saw about how supply and demand always swing back and forth? Chaos in the digital world, swinging the price of Bitcoin like a medieval weight. But who was the real provocateur? Speculation running wild. Bitcoin's scientific miracle and financial revolution aren't what attract investors; rather, it's the prospect of a fortune.

The impending market crash? Something like the ups and downs of the stock market. Remember that Bitcoin is still in its infancy as a technological innovation and needs time to mature. Losing sleep over price drops? Futile. Let's instead focus on the long term benefits and plan our investments accordingly.

It cannot be denied that there are still many who believe in FUD so easily,
but for now I'm not too worried about Bitcoin,
despite that Bitcoin is back down I still believe sooner or later it will come back up.

On what basis do you immediately claim that the recent drop from $30K to $28K was due to FUD? Because I don't think it's caused by FUD, but by the demand and supply of the price that is in Bitcoin itself. And in terms of the rate of decline itself it is still relatively low because it is not too far from $30K so I don't think that it was caused by FUD or by panic on the part of investors.

Why can't it be denied? Have you also seen FUD for Bitcoin lately, because I haven't seen any FUD in the last two days so the price drop that has happened now is a very normal thing and not because of FUD, so it's only natural that you don't have to worry for Bitcoin which is currently experiencing a small correction because the potential for an increase in price is still very possible to happen again to Bitcoin in Q2 this year.

not only the crypto market,, but other markets such as commodities, finance, and other markets are also often affected by negative economic fluctuations .. this is only natural considering that investors want to secure their assets and prevent losses by selling which has an impact on crypto market conditions and other markets and throws it into the red.

I don't understand what some people are thinking about the market. I mean, every time bitcoin drops 3-5%, they will blame and look for which Fuds caused it, and every time bitcoin goes up 5-10%, they quickly look for which good news drove push the market. They seem to have forgotten that this is a financial market, in addition to being affected by macro information, the market also operates according to supply and demand. Why don't we think more simply increase or decrease is just the difference between supply and demand?

Yes ,it happens due to celebrity. These are people which controls the value of Bitcoin . Because there are millions of followers of these celebrities and when any celebrity say anything about Bitcoin then people execute this and as a result Bitcoin price fluctuates. That is that of people on celebrities and public can't control their emotions. And when Bitcoin will go low, professional investers will come out and they will buy Bitcoin in bulk and they will hide for a long duration and they wait to increase value of Bitcoin . And when Bitcoin price is at peak ,they will sell their Bitcoin at high rates . In this way ,they are controlling the whole market. Elon Musk is one of them.

Certainly not a dumb question, the basic thing to accept is BTC is speculative and alot would be upset I say that but  I only define it as such amidst dollar speculative flows and these do mainly come from the current USD policy.   Also my view would be there is a very peaky not too reliable top price and its nice for headlines but not dependable or a consistent price;  also there is a base price to BTC that reflects far more its actual usage not as much speculation.
   Despite all the pretence, USD, fiscal and central bank are both easy money policy.   I can say that in context to having seen interest rates well over 10% for many years as was required by markets at the time.  Everything now is very fluffy easy going compared to the harsh extremes seen as recently as 3 decades ago.    Probably from the Clinton administration onwards we havent made any attempt to return to hard money.   For speculative assets and market speculators borrowing the dollar that matters, BTC is a target for leveraged funds mostly coming from either central banks or the fiscal deficit which equates to far too many dollars in circulation relative to GDP growth.     We havent yet seen dollar index fall but unless they continue to raise rates I believe it will and its on purpose.

People tend to forget bitcoin (and other true decentralized cryptocurrencies) are traded in true free, 24/7 markets, trade doesn't stop when the price falls too hard, and there is not "weekend effect" in crypto market nor a central authority trying to "correct" the price

It means in practice big investors find way easier to close their btc positions in a particularly bad market than with other assets, and actually those big investors see crypto as an "easy to take and sell, prone to big bullish runs" asset and find no objections to dump it first and faster than traditional investments

I’m not sure if this is the reason but I’m always thinking that maybe it’s because most of the people who have heavy funds in Bitcoin are also invested in other places, and if there’s a news about that other part, they may want to pull out their Bitcoin funds, or whatsoever. So, like the bank news you mentioned, some of the people who have a lot of money there may react to bank news causing change in Bitcoin. Just my usual assumption :D

I do not think that bitcoin really went up due to any celebrity at all. I feel like we are talking about something that would be a little different, it feels like there must be something that could really change the situation a bit, and it will not be all that simple. I get that it may feel like there is a good chance it could change here and there, but that doesn't mean that celebrity people were the reason.

I think bitcoin is manipulated by whales, who have enough money, they buy small by small all year long, for years, and then when it's bull time, they wait for the right time, maybe spend a few million on making it look good and hyped at news, and then when the price goes up, they just sell it at the peak like you said.

There is always necessity reasons why one would clear its conscience of doubt. Sometimes the silly question could one of the most massive interesting to learn about.

Bitcoin is a global accepted investment which its inflations and deflations economic rate is depended on the rate of demands.
We all know Bitcoin is a decentralized digital currency which is universally served as exchange to other forms of currencies such as the fiats. So if the world economy has  massive effects on the people, br sure that it has also affected the demands (investors) in the Bitcoin industry  because most persons basically earns somewhere out from Bitcoin industry to then invest in the Bitcoin and it should be clearly understood that the values rate of Bitcoin is leaned on the volume of its investors and the invested value ratio.

Interestingly, the USD has a role to play in Bitcoin and other digital cryptocurrencies in the sense that the USD is a dominant currency in the financial and global sectors meanwhile... Other globally recognized fiats are also tended to have influences on the cryptocurrencies at large such as Bitcoin digital currency.

Some of the major factors that affect the price of Bitcoin include government regulations and policies, technological advancements and developments, security breaches and hacks, market speculation, public perception and sentiment. For example, when a government announces favorable regulations for cryptocurrency, the price may increase because it increases its legitimacy. On the other hand, if a security breach or regulatory crackdown is reported, the price can drop significantly.  Additionally, the economic and political stability of a country also plays a role in determining the value of cryptocurrencies. For example, in times of political uncertainty or economic instability, people may turn to cryptocurrencies as a safe haven, thereby increasing demand and prices. Overall, cryptocurrency prices are not only influenced by market forces but also by various external factors.

Don't tell me how many years have you been here that you don't know that many whale investors are manipulating the Bitcoin price value in the market. With all due respect, I'm just asking you this.

Then one more thing: there are also many other options to invest in besides Bitcoin; there are stocks in the market. In fact, if I have a lot of money or am a rich person, I will also put money in stocks besides Bitcoin, which is believed to be able to provide good earnings in the future.

Just like how any bad news related to a particular commodities affect the price of that commodities the same way it happens with Bitcoin as well. For example if you see any major negative new involving Bitcoin such as multiple countries banning it or warning against its usage or let's say a major hack or security reach has taken place it affects has negative impact on Bitcoin and same way let's say a major company or business or e-commerce starts accepting Bitcoin as a payment then its price pumps up.

News around Bitcoin has impact on its price but these are temporary basis as Bitcoin ha been thriving at the end of all the mess and will continue to do so.

Major events like war, natural disasters, major bank defaults have some kind of economic impact globally. Not only bitcoin but also stocks, forex and other market have also been affected because all these are correlated with one another. As an example if a bank collapses and some of the users of that bank are bitcoin investors. In this situation for any emergency situation, those people will liquidate their bitcoin in the market. Now think about what will happen if a few thousand users have this same situation. This will create sell pressure in the market which will be the reason for a correction.

You're right. When we have any issue about economic condition, every investment sector will get the direct impacts, not only Bitcoin. It is because the news will influence the demand of the investors, whether they will raise the demand or drop the demand. Since it is about the economy issue, usually it will have significant impacts. It directly influence their capitals or their investment allocations.

It is true that human must react to the news, specifically for the news related to economy. It can influence their financial stability, that's why the reaction sometimes can be extraordinary. We also know that the news can give direct impacts to the Bitcoin price in the market. So, people will be very reactive if there is big news spreading. Sure, however it also happens in other investments, the news can bring impacts quickly to the other assets.

Indeed, something that supports the economy can influence global economic conditions, as you gave the example, where a big event will have a big impact, and in the end there can also be a global crisis like what happened yesterday, every part, every country is correlated with each other because basically need each other, and this is what makes global impacts happen, and once again inflation is a terrible threat, considering the increasingly high prices of goods, and society must be able to adapt in order to continue living

Bitcoin relies on decentralization and worldwide consensus, unlike real goods. Even if prohibitions or hacks lower Bitcoin's price, its essential value as a decentralized, borderless digital asset remains. Bitcoin recovers from setbacks because of this basic strength. When significant players embrace Bitcoin, it's not just the price that benefits; it's a testament to its rising acceptance and potential to change financial interactions. Don't Bitcoin's adaptability and resilience show its long-term potential?

Bitcoin was initially an outsider in finance. It's now considered a viable and innovative asset class. This shift in mindset is about understanding and integrating Bitcoin into modern economies, not just price volatility. Don't more businesses and consumers recognizing Bitcoin's value mean a more stable and exciting future? Negative news has temporary effects. The overall pattern suggests Bitcoin will be integrated into the economy gradually. Isn't this proof of its longevity and potential?

I think it is actually, because the answer to his question were already obvious, and that is ; Bitcoin is also a currency just like the currency banks has, although it may only have a slight difference because it is a crypto and it has a blockchain technology. Even not only about banks, Bitcoins value will still be affected because people may have less money than usual when there is an economic issue.

Only those who will be upset are the people who knows nothing about it, or only knows less. Other than being a currency which can also fluctuate, Bitcoin is more prone to fluctuation because it has limited supply and this makes it become an asset as well.

Wayback  we do see that outer or external economic events doesnt really affect Bitcoins price but now,it seems that it is already connected now. It would be normal that market would really be going down on the time that
there would really be some exchange hacks and some banning news on which it isnt really surprising if it does really make some huge or significant movement in the market on which it is never been that something new.
If you've been here on this market for a while then we've seen tons of ups and owns whether there's news or not on which basically means that it is really that hard to tell whether a particular event
is really making out some effects or not specially if there's some Banning news then no doubt that it would really be having those effects.

Just like been said, wayback which external economic news doesnt make out some effect but nowadays it is already that making that significant effect which it cant really be
that easily denied or ignored whenever there's something happening.

There are many other coins which are also affected by these new. Not only bitcoin and we also know that Bitcoin is something on a first place through which we can see other coins mostly fall due to the fall come in Bitcoin. As recently when we hear the new about the CEO who resign a little bit the Bitcoin price has been fallen in that stage but It was recovered easily and now we are seeing its price above $38k which is nice a the moment. When the bitcoin is in good move traders can get profit through other coins which they are trading in now.

of course the price of bitcoin will always be influenced when there is news about the economy that appears, currently there are many people investing in bitcoin so the market sentiment towards bitcoin will always be influenced by news about the economy, especially as speculators continue to make news about the economy to reap profits from the panic that occurred

It's not once or twice that news about the economy has influenced the price of Bitcoin, it's happened quite often, the price of Bitcoin has even touched ATH because of market sentiment, actually it's time for the Bitcoin halving and just see what will happen to the price of Bitcoin, the price will definitely increase rapidly

I think the simple answer would be that the same way the economy of your country affects your local currency and it's stability, the same goes for Bitcoin on an international level. They're means of exchange and determinants of wealth , making them easily influenced by the economy.

The price of Bitcoin is influenced by macro world finance events due to many reasons. Bitcoin is considered a store of value & a hedge against traditional financial markets so when there is uncertainty or volatility in global markets investors often turn to Bitcoin as a safe haven asset. Major economic events such as interest rate changes, political instability or trade tensions can impact investor sentiment & drive demand for alternative investments like Bitcoin. The interconnectedness of global financial markets means that any significant event can have ripple effects affecting Bitcoin & other cryptocurrencies both positively & negatively.

If bitcoin is considered a safe haven, store of value, or inflation hedge, why did bitcoin prices plummet in 2022 as war broke out and inflation peaked?  Meanwhile, gold has been a store of value and a hedge against inflation for centuries and gold has risen in price when inflation and war have occurred, bitcoin has done the opposite.

Bitcoin is always affected by macroeconomic news simply because it is also a part of the world economic system. Furthermore, it is still in the highly volatile asset category, so there will be strong fluctuations when bad news occurs.

There are many factors that could affect Bitcoin's price and banks' activities are part of it like what the OP suspected, this is especially true if the news is US-related. Such news could affect the USD, and as we all know, the most paired currency with Bitcoin is the USD (BTC/USD), so it can affect it depending on the nature of the news.

What you explained is another factor where pumping and dumping of the coin is playing out, but there are many other factors playing out as well that cause or encourage the market sentiment to shift.

Basically because Bitcoin is part of the economic itself so every economics event will affect Bitcoin value, and Bitcoin markets currently are a speculative market which most of the time are affected by political and economical policies of many countries, and those policies were influenced by Political and economical issues

The fact is that no matter how much we would like to believe that bitcoin is the new digital gold, but this is not quite true. In bad times, people don't invest in it, but in gold. After all, if the entire economy collapses, then gold will remain, and bitcoin will most likely be held only by the most desperate fanatics and enthusiasts. Therefore, it turns out that from every change in the economic arena of the world, the price of bitcoin jumps like a roller coaster. And that is why it is called a High-risk dragging instrument in the financial world.

Not all economic news affect the market of Bitcoin, only those related to Bitcoin can affect its price. News is commonly use as fundamental analysis and it is being used by a manipulator effectively until now to get money from people. Without the news, I don't think if they can manipulate the market very well. But I'm so glad that Bitcoin is not the same as before that it can be easy to manipulate and people were getting panic just because of a simple news. Even CZ stepped down as CEO in the biggest exchange, it never affect the price not just because it's doesn't matter to people but also because its volatility is improving.

What you say is correct, currently bitcoin has become an important part of the world economy and many people in this world use bitcoin as an investment asset and protect the value of the money they have. I also think that bitcoin will become one of the protectors of a world country's currency, replacing gold which is currently the only protector of the value of a country's fiat currency. Market sentiment is something that cannot be separated from changes in the price of bitcoin at any time, when there is economic news that emerges, the price of bitcoin will also be greatly affected.

I agree with you, @jeraldskie11, it's not every news that can actually affect or make the price of Bitcoin fall; it depends on what the news is actually about. Some may not actually be economic news, like, for example, during the time when El Salvador made Bitcoin a legal tender, as the news came up, the price of Bitcoin shot up. Also,  when the market dipped around the month of August, there was news that Elon Musk had sold a huge amount of Bitcoin, but that was not actually true. Bitcoin's price is not controlled by only one fact: its technology is not built on a centralized network. Even some whales hold a huge amount of bitcoin, but yet they don't control it as they want.

Yes, not all economic news affects Bitcoin, but many of them do. Understand that the news doesn’t have to spell out the name “Bitcoin” for something to start happening. Sometimes, it could be a simple linkage between what every sector it is in the news, and Bitcoin. Also, you speak of CZ step down not affecting the market price. Well, I beg to differ; BNB price was down by some percent that day. Idk if it was a coincidence but I think it had to do with the news. In all, I’m glad there wasn’t some crazy FUD because the whole market could have been impacted.

That is true, many of them have always been affecting to Bitcoin but there are times that they're not. Just like a normal news that don't have any effect to bitcoin.

I seem to believe it before that there's no connection for Bitcoin and outside world. But as we move year by year, we see the vast adoption and the connections become deeper for bitcoin and also for other financial aspects and sides of many corporations and news that comes from them affects it.

The services provided by mixers happens to be an integral part to the essence of what is; be it to an individual or government or perhaps a body charged with the investigation of a situation that has to do with money laundering or the channel by which funds is distributed.
Mixers play a role of ensuring privacy at all cost and low cost for crypto users.
This in turn hinders a lot of progress on the part of an on going investigation in the case of an illegal transaction of which, mixers never distinguished between any but treat all transactions as same although, there policies separate them from anything illegal.
Still, having yo disrupt a process has always been the bane of mixers and a cause for trouble.

the more bitcoin is spread across many people, the more those who hold bitcoin in large amounts will be able to move the price of bitcoin even though it is not significant, we can imagine if a country experiences war, where the majority of its citizens hold bitcoin, then the majority of citizens will take action. the same thing towards bitcoin, thus forming a large force that can ultimately influence the price of bitcoin.

If you mean by the influence of people who have lots of it due to manipulation, well, IMHO that's just a thought and hard to prove.

I am confused and I don't understand the logic about what you've said. But I do think that it's about the influence of the majority and the topic is all about the news.

So, let's relate it to war and then everyone's going to move here and there but the easiest thing is to bring their phrases with them. While the news outbreak that could lead to panic for every person everywhere in the world.

Shouldn’t this be the reverse? Shouldn’t it be that Bitcoin spreads and is hoarded by more people, the less people can affect the price of Bitcoin? Because if it’s just one person that has something, they can easily make a decision that will affect everyone. But when many people own the same stuff, and one person wants to sell. it won’t impact the price like in the first instance because there are more pillars.

The larger BTC gets the more wallets you have with spare change in there it is more stable because of that almost by accident as people have other concerns to take of.   Speculators who over buy, cannot hold on because they are paying leverage costs will drop and reverse their buy much quicker then a casual user of BTC.   Ideally we only really count growth for BTC when its serving a greater number of people then it was the year before, the broader the population of users the better.  Speculators arent actual users, its why I worry that people take investment funds as some greater positive then they are, real people count far more.
  Its less dramatic, I say spare change and in many cases I mean quite tiny amounts.  The speculators and whales, the big talkers and movers even though they are big and make waves I care less about them then just incidental normal users I think the long term lies with real people simple as that.

we have to remember that one of the driving forces that affect the economy is people’s behavior even in business people’s behavior and attitudes affect the success your business will have it’s the same with economy and bitcoin it’s all almost psychological if you think about it if the news is good then investors will gain confidence and will buy or will keep holding on to their btc and the opposite is also true if the news is somehow bad then it might decrease their trust in the said investments

Bitcoin now a very strong popular currency and it's widely used around the globe. Even it's playing many important roles in the economy of many countries, So its affected if any bad news or good news are coming in the market as like war, government regulation, when it's directly affected on Bitcoin because many people holding this currency.

Human behavior Indeed plays a significant role. People's attitudes and actions have a profound impact on outcomes, whether in business or in the broader economy. This is particularly evident in the realm of cryptocurrency, such as Bitcoin, where the market is highly sensitive to psychological factors. The influence of news and sentiment on investor confidence is a crucial dynamic. Positive news can instill confidence, leading to increased buying or holding of assets like Bitcoin. Negative news can erode trust and prompt investors to reconsider their positions.

This psychological aspect of financial markets underscores the interconnected nature of economic behavior and perception. Understanding and anticipating these reactions become a must for investors and businesses alike. It highlights the delicate balance between economic fundamentals and the perceptions and sentiments that shape market trends. Staying informed and being aware of the psychological factors at play is vital for making well-informed decisions in the dynamic world of finance.

The impact of the influence of news can still have an effect on Bitcoin and the market simply because it is easier for most Bitcoin holders to panic so that price drops can still occur when there is bad news that can affect the minds of many people, especially the minds of Bitcoin holders. But this also doesn't last forever because apart from Bitcoin being able to bounce back through the effects of good news, Bitcoin can also continue to rise through the trust of many people who still want to continue owning Bitcoin after bad news occurs.

You can also see evidence of bad news that has happened in the past and can influence the price of Bitcoin in the market which ultimately makes Bitcoin return to a better price after that. And other evidence has also occurred this year where everyone has also seen how Bitcoin's movements can still increase and continue to improve after the bad times last year.

That was an event in March 2023 (9 months ago) , and I feel Bitcoin was only get small impact by its incident (SVB Bankrupt (https://theconversation.com/silicon-valley-bank-bangkrut-apakah-mungkin-memicu-krisis-ekonomi-yang-lebih-besar-202916#:~:text=Silicon%20Valley%20Bank%20(SVB)%20dinyatakan,mengumpulkan%20dana%20untuk%20menambah%20modal.)). BTC price tended to experience a correction of 5% to 10%, and then it rebounded and making bullish pattern, even spiking by +25% within 2 weeks (actually at March 20).

IMO..the market remained fair for all instruments for investing purpose, so when there were economic issues in the banking sector, some people panicked a bit and made adjustments to their investments or changed their plans to get better position. Some shifted assets, and others swapped assets, so it's normal to see some turbulence on the market.

But at the end, Bitcoin was not fully impacted because the issues with SVB did not significantly affect the blockchain, cryptocurrency, and Bitcoin industries. Bitcoin back to normal and maybe some investor choose BTC to relocate their assets as safe haven position in BTC, that's why the price spike up again in some week. Just don't panic if there is another moment like this.

I don't think so. Although the economic news have no correlation with Bitcoin or crypto, it can affect the Bitcoin price. For example the raise of food prices in many countries in the world, it probably can affect the price of Bitcoin because people may prioritize their money to buy foods. So, the demand to buy Bitcoin will be decreasing and even people may decide to sell their Bitcoin for foods. This news has no direct correlation with Bitcoin, right? But I'm very sure it will bring big impact to Bitcoin if it really happens in most countries in the world.

Yes, the news can be a fundamental analysis, it can bring direct impact to Bitcoin price. Sure, the whales can manipulate Bitcoin price by spreading news, whether it is valid or fake news. We already know about this for a long time, but people become smarter now. I'm sure most people won't be easier to be affected by the manipulation nowadays.

It's not just Bitcoin that's affected, everything is affected. Bitcoin reaches more people every day, and the biggest reason why it is affected by this news is the large number of investors and investor diversity. Actually, this is not a bad thing. I think that the more Bitcoin is affected by negative news, the more it will be affected when something positive happens. In other words, the whole world now accepts the reality of Bitcoin, and this wonderful investment tool is not only affected by the news around it, but can also become a news in itself.

I see these situations as a positive situation for Bitcoin. If Bitcoin is affected by a news, it means that it will be talked about more and expectations will increase.