Why is Bitcoin always affected

[Tony116]

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.

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.

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[xSkylarx]

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.

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

[slashz9]

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.

[wxa7115]

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.

[Altryist]

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

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.

[Ozero]

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.

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.

[kingvirtus09]

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

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.

[TheUltraElite]

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.

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.

[FUCKBSVFUCK]

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.

[AmoreJaz]

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.

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.

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.

[serveria.com]

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

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. 

[Kelvinid]

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.

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.

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.

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.

[yohananaomi]

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 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.

[Pujangga]

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.

[kro55]

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.

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.

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.

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.

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.

[slapper]

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.

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.

[kapalmabur]

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.

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.

[Fara Chan]

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.

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.

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.

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.

[Moneyprism]

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.

[Wend]

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.

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.

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?