Do you really think news can change the Crypto Market Sentiment very easily?

[mirrasel]

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Dear Forum Members,

Every week I read different news portals to know and enrich the knowledge of Digital Asset Market which helps me to understand the blockchain and crypto sentiment and having a better investment and trade decision.

Here is the Top 7 News of last week. Hope this will help you a bit! Do you really think news can change the Crypto Market Sentiment very easily?

Date: 31 March - 06 April 2020

"Some data shows that demand for Bitcoin and other cryptocurrencies are truly on the rise! Around 10% increase in the Market Capitalization of the Crypto Industry in the previous week. Bitcoin again hits $7K. Lawsuits were filed against Binance, BitMEX, Tron Foundation and
other major crypto companies.


1. 'Red Wedding' lawsuits were filed against Binance, BitMEX, Tron Foundation and other major crypto companies alleging they sold unregistered securities.
Source Link: https://decrypt.co/24532/class-action-lawsuits-filed-against-7-bitcoin-companies

2. Volunteers have donated over One million PC owners combine their GPU power to fight COVID-19
Source Link: https://decrypt.co/24173/one-million-pc-owners-combine-their-gpu-power-to-fight-covid-19

3. Launching a bridge between bitcoin (BTC) and ethereum (ETH) is important as the world will go for BTC and DeFi after COVID-19: Coindesk’s Opinion
Source Link: https://www.coindesk.com/will-defi-matter-in-a-post-coronavirus-world-feat-matt-luongo

4. Halving and COVID-19 Crisis May Lead To Miners War With Devastating Effects On Bitcoin Price
Source Link: https://cryptopotato.com/halving-and-covid-19-crisis-may-lead-to-miners-war-with-devastating-effects-on-bitcoin-price/

5. The combined market capitalization of all stablecoins has now reached an all-time high of more than $7 billion.
Source Link: https://beincrypto.com/7b-and-counting-waiting-to-enter-cryptocurrency-market/

6. Data shows that demand for Bitcoin and other cryptocurrencies is truly on the rise.
Source Link: https://cryptoslate.com/global-demand-for-crypto-continues-to-skyrocket-whats-behind-this-trend/

7. The U.S. Dollar is Dying, Sell Dollars, Buy Bitcoin: Robert Kiyosaki, “Rich Dad Poor Dad” Author
Source Link: https://www.newsbtc.com/2020/04/05/the-us-dollar-is-dying-buy-bitcoin-prominent-financial-educator/




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[Emilyearl]

Yes. The right nws will set the prices ablaze and the wrong news will shrink the prices of tokens. News is everything in business cryptocurrency is not left out. If today sec rules in favour of Bitcoin, Bitcoin can do a 100%/50% from here within few hrs. News is everything in life.

[mahilchii]

Obviously this is like an added advantage to crypto and common people will atleast go through such news and they will come to know what is crypto all about and how it facilitate people, only then they will give priority to digital currency.

Especially in lockdowns because anything can happen in upcoming days like corona... It's always better to give importance to such stuff.

[YOSHIE]

As long as you know that now everyone is guided by the internet, of course the news is a mainstay for all people, no wonder the news about cryoto, blockhain, industry, good and bad are driven by existing news.
Not a few people do something good and bad based on the news.
This is the same as the crypto market or the like can move and retreat based on news, for that if the news is loaded positively everyone will move forward and vice versa.

[ViralNation]

Not really. For example coins like Creditcoin which was invested in by coinbase, y comb, 500 startups, and a bunch of other places still is maintaining its ICO price.

[tsaroz]

News does make many changes as  people rely mostly on news to make their trade decision. This is similar to stock news. The first one to know something or the first one to act after reading a news makes the profit. That's why news related to stocks are highly regulated. But there's little on the crypto news. The so called large publishers are supporter of some coins or exchanges and are bias against some others. They often take the opportunity to enlarge a small issue to change the market sentiments.

[cahbagus555]

News does make many changes as  people rely mostly on news to make their trade decision. This is similar to stock news. The first one to know something or the first one to act after reading a news makes the profit. That's why news related to stocks are highly regulated. But there's little on the crypto news. The so called large publishers are supporter of some coins or exchanges and are bias against some others. They often take the opportunity to enlarge a small issue to change the market sentiments.

The good news regarding the whole cryptocurrency market will undoubtedly have an effect on investor sentiment. If investor sentiment is positive, the willingness to invest will increase, especially if the good news concerns regulations passed by the government

[DabsPoorVersion]

Yes, but it still depends on the news

If the news is pertaining on the possible growth or such thing that will help to improve the market, it will change the market. But if the news is something that won't give any help or a news that is just pure non-sense it won't affect anything in the market.

[Bttzed03]

FUD and FOMO from rumors/news affects all markets but it is no longer a secret that cryptocurrency remains the most volatile and it gets easily moved by big players (a.k.a whales) followed by retail traders. The market being young and less regulated is probably another factor we should consider why it's so volatile.

[Yudhisthir]

Crypto news is one of the major player of market manipulation. It's a tool used by whales, who are the owner of the news agencies that gives a biased news or even the real one after making significant market change. Sometimes they are also supported by the insiders of different project. The team leaks the news themselves to others and they make the market move accordingly before publishing it.

[masterrex]

I believe that any news about the cryptocurrency industry has a significant effect on the crypto market, and it works on both sides whether it is good or bad news, it is already proven many times that cryptocurrency prices will fall after the event of any negative news will be published and cryptocurrency price will climb after the positive news about crypto will be published. in my opinion, the cryptocurrency, speculative nature is the main reason why most of the cryptocurrency prices will react to any news easily.

[20kevin20]

Crypto news is one of the major player of market manipulation. It's a tool used by whales, who are the owner of the news agencies that gives a biased news or even the real one after making significant market change. Sometimes they are also supported by the insiders of different project. The team leaks the news themselves to others and they make the market move accordingly before publishing it.

Is this only a presumption or do you have evidence to back your claims? I've never heard of whales owning news agencies. The "insiders" part is true though - if you're a whale, it means you have a ton of money so you do have contact with some key persons from the crypto world.

I don't think cryptocurrency news are manipulating the markets willingly. Have you ever seen a Trump speech? Next time you do so, pop up some USA charts on your phone/laptop and watch how the markets move based on every single word Trump says. That's trading: you make moves based on the information you get. Once a significant headline hits the news, markets go wild.

[trauchot]

News has a very strong influence on the cryptocurrency market and the price of cryptocurrencies, of course, now the news has a much lesser impact on the cryptocurrency sphere, but it all depends on the news itself and their importance, so the news still has a lot of power.

[RealMalatesta]

Depends on how big the news is and how well it is received and cared about in the crypto community.

Of course, news do play a part in bitcoin but do not forget that half of the time people do not even care about it and it is the people who buy and sell this that causes the price to fall, in stock markets a company could make a lot of profits which will result with price of its stock going up, if not it would be undervalued, same when they make a loss as well, in crypto the only thing that makes it go up or down is how people perceive the price.

This means news could affect it depending on people really caring about what the news says, I would say global level type of stuff like corona for example do of course impact it but when it is "some famous crypto guy said this" type of small news it doesn't really change anything.

[mirrasel]

Obviously this is like an added advantage to crypto and common people will atleast go through such news and they will come to know what is crypto all about and how it facilitate people, only then they will give priority to digital currency.

Especially in lockdowns because anything can happen in upcoming days like corona... It's always better to give importance to such stuff.

News is an important part of this crypto industry. More news are bringing more users to this space.

[Yamifoud]

News is an important part of this crypto industry. More news are bringing more users to this space.

It can bring more users and investors if that news will the truth.
I know we want to have a huge number of user and crypto investors but we have to tell them or warn them what it actually it happens to them and risk inside. The news must be cleared enough for them to understand the situation and not covering those negative ones in the order that it looks promising and really encouraging. Because we know that news is so influential and people around are also relying upon what they heard or what they saw.

[irixo10]

Yes I do, news have a very powerful effect on the crypto market in as much as it can bring a positive growth, in the same way, it can bring devastating dump. Even in the world out there, some news can make someone happy at the same time there are news that are heart breaking. So once again, yes news is one thing that can't be ignored and I remember vividly when India lifted the ban on crypto, and what followed suit. Also, every trader is always on the lookout for news to know the best way to trade because for every good or bad news, the effect is seen on the market.

[ampere]

News are indeed vital in the crypto sphere, and it has little initiatives to change the mind of traders.
And a news can be categorized into 2, a fud news that causes panic, and a fomo news that forces anxiousness.

But if you can master your emotions as a trader, and make correct decisions most times, you will make a great trade out of all kinds of news in the crypto space.

[tycsols]

I think every financial market is effected by news and almost all the traditional markets are very sensitive to news that help speculators and  other market forces to make profitable moves, for example, for example i have seen stock exchanges index plunging on negative statement regarding economy and business by the country's finance or prime minister and in some case if the company head makes a confusing or assumedly negative statement the share peice of the company dumps which shows the amount of speculation in the market.

[xSkylarx]

News has an effect on the whole market. Any development on cryptocurrency can influence the who market aspect, this also includes FUD which most people buy whenever there are news than a whale had moved their crypto from a wallet to an exchange or vice versa. Cryptocurrency updates, news and articles has a huge impact on the whole market.