Bitcoin Market Price in Respect of News

[348Judah]

There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.

https://twitter.com/BitcoinMagazine/status/1689020443091460097?t=TAvL7VkY61CjyiTxhPjU2A&s=19

[Wiwo]

News have significant impact on the price of Bitcoin and in most cases news help push the price upward and when there is fud it will be downward drop,  this is a noticeable feature in the Bitcoin market and that is why bitcoin is a speculative assets that one need proper guidance as to what to expect from it price.

On a second note you mentioned that the FEC consider bitcoin as a currency in your statement,  but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
 

[348Judah]

On a second note you mentioned that the FEC consider bitcoin as a currency in your statement,  but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
 

This exact statement may not be captioned on the headline but we are all familiar with how SEC recently identify bitcoin from other cryptocurrencies as the only digital asset they recognized, which means the government itself as a whole is getting to understand the difference now between bitcoin and other cryptocurrencies, there comes in a little stir whenever government made mention of anything that have to give credit to bitcoin, same also was when the approval for spot bitcoin ETF was made and when the first display of interest was made, the breaking news make a stir in the market price.

[Stepstowealth]

There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price,

The news coupled with other events have effect on the market, they fall under fundamentals and what you will analyze fundamentally if you trade cryptocurrency. The nature of the news can influence people's action in certain ways. A positive news about bitcoin will encourage people to buy, while bad news concerning bitcoin will make people who have bitcoins want to sell, or reduce the demand for bitcoins which then affects the price. The news influences the price of bitcoins.

[Dr.Bitcoin_Strange]

Of course, positive news about Bitcoin sometimes really does contribute to the market uptrend, But sometimes it might not really be the news but some other things. Some months ago, I think it was during the period when El Salvador approved of Bitcoin as a legal tender, and the price of Bitcoin really did see an uptrend, but some people were really saying that the rise of the price of Bitcoin then was not because of the news but rather something else, which later it was discovered that there were two incidents that took place then and it was not certain the one that leaded to price increase.
    Although the price increase of Bitcoin yesterday really happened so fast, I was just monitoring the market that yesterday, and I can say it might be because of the announcement the FED made.

[Asiska02]

News have always played a pivotal role in determining the price movement of bitcoin. As positive news results in market uptrends, so negative news also have effect in price downtrend of the market. Some people really take advantage of the event of news to accumulate more bitcoin when the news is negative and the price begins to drop, showing a good sign of buying more. And on the other hand, sell when there’s a positive news causing an increase in the price of bitcoin. In every news, there’s always advantages and disadvantages but one should always trade carefully to reduce the risk of loss.

[Nrcewker]

News really play an important role in manipulating the price. Now whether the news is good or bad, it really diverts the flow of the price. The news influence the people and they do the necessary actions next. We know that Bitcoins follow the policy of supply and demand, hence the price goes up when the demand to accumulate it increases by the people. This happens due to the fix supply of the coins. So when there is good news about the coin, more people shows interest and buy the coins and hence the news is affecting the price.

[Yamane_Keto]

I do not see a change in the price of Bitcoin during the previous weeks, and do not look at the price only, but at the trading volumes near the resistance level, which does not seem to be sufficient to break the top.
Tracking the price using general bitcoin charts that gives you a limited reading of the nature of the market. Use the trading view with moving averages and trading volumes to get a reading of whether the price is at a normal level or if something will happen.

News affects retail investors which is often translated as a change in supply and demand, which is not happen.

[alastantiger]

News really play an important role in manipulating the price. Now whether the news is good or bad, it really diverts the flow of the price. The news influence the people and they do the necessary actions next. We know that Bitcoins follow the policy of supply and demand, hence the price goes up when the demand to accumulate it increases by the people. This happens due to the fix supply of the coins. So when there is good news about the coin, more people shows interest and buy the coins and hence the news is affecting the price.

The news affects everything in the market. The news determines public sentiments which then determines the supply and demand and then the price. They are all powerful factors that determine price direction of the asset but the news stands as the most dominant. The thing with the news is that there is always an after effect even when it has died down. Aside the news, a powerful crypto influencer also plays a role too. These influencers may include Elon Musk, CZ of Binance, Micheal Saylor, and others.

[el kaka22]

I do not think that this is a reaction or anything like that, it is not a big increase, it didn't went up 20%+ suddenly or something, didn2t went up even 10% to be fair, it went up very little and that doesn't require any news to go up like that. It can go up like that at any time and we should remember that it is not a big deal at all.

It will take some time before people realize that things could be different, but that doesn't mean that we are going to end up with a result like this when a good thing happens, this is just normal and we should be used to it by now. I get that it will take a while before we could do something better and that is what I am expecting right now, it should be considered good deal.

[Baofeng]

I do not see a change in the price of Bitcoin during the previous weeks, and do not look at the price only, but at the trading volumes near the resistance level, which does not seem to be sufficient to break the top.
Tracking the price using general bitcoin charts that gives you a limited reading of the nature of the market. Use the trading view with moving averages and trading volumes to get a reading of whether the price is at a normal level or if something will happen.

News affects retail investors which is often translated as a change in supply and demand, which is not happen.

Just a normal movement, although what we've seen is that the price went down below the support of $29k and everyone was really nervous that will continue to go down as the analysis says it's either $22k or $30k.

But the good news is that it went on the later as we almost touch $30k again in the last couple of weeks because of some positive news attributed to the FEDS. Nevertheless it is still us retail investors who could have move the price if we wanted too. But let's see, we need to overcome that $30k barrier and make it our support line this month.

[goaldigger]

News affects the price of Bitcoin and usually if there's a news about the government supports cryptocurrency or a big company investing on it, expect for the price to pump or at least have a short up trend. Bitcoin is still on the sideways and waiting for the right timing to break the resistance, we need more good news like this so Bitcoin can finally start the up trend again. Let's be more positive that no more bad news with crypto so we can have a better trend in the last quarter of 2023.

[cryptomaniac_xxx]

News affects the price of Bitcoin and usually if there's a news about the government supports cryptocurrency or a big company investing on it, expect for the price to pump or at least have a short up trend. Bitcoin is still on the sideways and waiting for the right timing to break the resistance, we need more good news like this so Bitcoin can finally start the up trend again. Let's be more positive that no more bad news with crypto so we can have a better trend in the last quarter of 2023.

Yes, for sure those who have been in the market, really knows that news (positive or negative), has a affect on the price, even if the news is not somewhat related to crypto, but at least it has something to do with the financial world, then consider it as some sort of effect to us.

But if the news is directly related to crypto, just like what we've seen in the FTX collapse, it will put a lot of dent in the market.

Hopefully in the last quarter of this year, all we going to hear is good news so that we can at least touch $40k in December.

[Mahanton]

There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.

Make out some impact or not, there's only two possible outcomes or situation that it could really be able to impose towards Bitcoins price in speaking about fundamentals or news around which we cant really be able to tell
whether it would move out or would really be just simply rejected. It is really that been known that this crypto market doesnt really care about external economical events back in the past on which it is mostly that being that independent or could really move the opposite despite of huge economical problems but now its totally a bit different on which whenever we do see some negative news like those FED interest rate related then it is really that trying out to make some movement which would basing up with that kind of sentiment. Somewhat just like on whats been said that not all the time it would really be making out some significant impact on which it is really that still hard to make out precise predictions if we do just simply basing up with FA and not really some mixing with some TA. If you do really take that seriously in speaking about these events then its not really that bad for some additional on which its always been that normal that every step we would make does have that corresponding risks.

[serjent05]

News has a great effect on the psychology and activities of traders.  It also affect the sentiment of the market.  News can either hype or FUD the Bitcoin market and can easily reverse the flow of market trend if the news is strong enough that it carries a substantial information about the future activities of Bitcoin economic component.

[virasog]

News have significant impact on the price of Bitcoin and in most cases news help push the price upward and when there is fud it will be downward drop,  this is a noticeable feature in the Bitcoin market and that is why bitcoin is a speculative assets that one need proper guidance as to what to expect from it price.

On a second note you mentioned that the FEC consider bitcoin as a currency in your statement,  but the link you shared does not mention anything like that, but if Fec truly approve Bitcoin as an asset or a currency that will indeed impact the value of bitcoin and most other assets that are pegged to Bitcoin.
 

No doubt bitcoin price is influenced by the news. Good news may pump the market, but bad news will definitely dump the market.

In my point of view, this is not a good thing and it shows an immature market. The sad part is that even false news or fuds also cause the bitcoin price to dump.

This also shows that the bitcoin market is very new and there needs to be more adaption of bitcoin. When Bitcoin will be distributed to many people, it will be hard for the market makers to make up the news and move the market in their required directions.

[Fundamentals Of]

I agree that news is a factor in Bitcoin's price but I don't think the news of the Fed taking a new approach to Bitcoin was the reason of Bitcoin rising to $30,000. That news was not even clear. It was not big enough as well. And also it didn't say that the Fed will treat Bitcoin as a currency.

Many crypto news outlet often wrongly attribute the price movements to the wrong reasons. They often link certain events of whatever kind to the movement of Bitcoin's price. Often, their stories are bereft of logic and relevance. They just want to make a story for content's sake, sometimes hoping it would explode.

[Jating]

I agree that news is a factor in Bitcoin's price but I don't think the news of the Fed taking a new approach to Bitcoin was the reason of Bitcoin rising to $30,000. That news was not even clear. It was not big enough as well. And also it didn't say that the Fed will treat Bitcoin as a currency.

Maybe, but I guess the point is that it is considered as a good news even though it is not clear, That's why the price suddenly rose to almost close to $30k. However, it is not that strong, so right now, the price is pegged at $29,360.

Many crypto news outlet often wrongly attribute the price movements to the wrong reasons. They often link certain events of whatever kind to the movement of Bitcoin's price. Often, their stories are bereft of logic and relevance. They just want to make a story for content's sake, sometimes hoping it would explode.

Not the first time though, they have been doing it for sure, writing news without validation, in short most of them could be fake so we should take a grain of salt of every news that we will read, and often times it's for click back.

[michellee]

It's best not to get too swayed by news like that because it might make you think something will happen to Bitcoin. Sure something will happen but Bitcoin can survive the negative news released by media sites like that.

News like that can also influence you in making decisions related to Bitcoin. So far, many people have panicked with press releases or negative news, even though what actually happened was not what they had imagined. This is why we, as Bitcoin investors, must have strong hands to keep holding Bitcoin and not be affected by any news.

Especially with the condition that the price doesn't move too significantly and sometimes even decreases, it turns out that some people panic and think about getting out of the Bitcoin market immediately. But sooner or later, the price of Bitcoin will start to increase, and even if there is negative news, it will not affect Bitcoin because the time for Bitcoin to increase has come.

[Weawant]

There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had as seing that bitcoin gets to $30,000 few hours ago before coming down to $29,880 what are your opinions and thoughts on this.

News has a huge impact on the market and that's because Bitcoin or cryptocurency market is made up of largely inexperienced traders that depends on the news to trade. If similar news was to come out during the bull market it would have had more impact than it did now.

The only reason the market isn't pumping is because we're still in the bear market which fear uncertainty and doubt is still in my mind of traders and investors and you can. See that playing out in the market with the price of Bitcoin trying to increase but later dip down.

It's normal for the market that when there's positive news, the market will response by a increasing and when there's negative news the opposite happens and this isn't only limited to Bitcoin market but it also happens in other market although it happens here more.