Bitcoin Market Price in Respect of News

[fzkto]

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.

The cryptocurrency market is unregulated and any big players can create good or bad news to profit from trading. It doesn't matter who it is, government officials, SEC or anyone else. Anyone, even Gary Gensler can make big money in the exchanges just by making the right news because he has the power. This is a bad thing as most people take losses because of it.

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[Yamane_Keto]

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.

The problem is that we are not testing the $31,000 level to say that the price may reach $37,000 before Christmas, but we are testing the lows at $28,000, which if it continues, we will see $22,000 prices soon.

If we do not move from levels of $29,200 in the coming weeks, we will most likely return to 22,000, or until we re-test the bottom again.

[wmaurik]

The cryptocurrency market is unregulated and any big players can create good or bad news to profit from trading. It doesn't matter who it is, government officials, SEC or anyone else. Anyone, even Gary Gensler can make big money in the exchanges just by making the right news because he has the power. This is a bad thing as most people take losses because of it.

This could have happened due to the actions of a person or several people because the cryptocurrency market is not regulated by any government so that people who have the power to create turmoil in the market can do so in a way that has more influence on prices. Examples include putting more money into the market to buy something, because rich people usually use money more often to get more money through the market. So the power of money is the basic ingredient to be able to do that.

[MFahad]

News can alter the price and everyone says that when positive news are coming then the price become increasing but I don't know the fact that now people are talking about halving and the news are spreading all over the world but still the price is getting down so what the reason behind it?

It is clear that when good news are coming demand grows like halving is a good news so demand is boosting so its value should be increasing but instead of elevation there is a dump in the rate of bitcoin.

I know it's temporary but this temporary ups and downs make the holders discomfort and because of this comfort sometimes they make sudden, wrong and useless decisions.

[MusaPk]

The cryptocurrency market is unregulated and any big players can create good or bad news to profit from trading. It doesn't matter who it is, government officials, SEC or anyone else. Anyone, even Gary Gensler can make big money in the exchanges just by making the right news because he has the power. This is a bad thing as most people take losses because of it.

The trick is you don't have to follow news to make a big move to sell your coins. News can  temporarily have impact on bitcoin price but bitcoin has the capability of strongly bouncing back (see historical price data of bitcoin). There are instances where news doesn't have any impact on bitcoin price. If you are long term investor then there is no way you need to worry about news.

[OgNasty]

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.

I think a majority of crypto news events are actually non-events that traders utilize to try and move the market one way or another with their trades. Traders need volatility and the news is where they go to get it. If you have a long term time preference though, the only news you should care about are major changes to regulation (ETF approvals) or the halving event. Everything else is mostly noise.

[Adbitco]

What we should keep in mind is that as the bitcoin keeps growing in terms of popularity the more news spreads about bitcoin and it has a crucial effect towards the pricing of bitcoin. People do capitalized on whatever news they derived from media be it TV stations or social media this effect changes the price and whatever positive news gives birth to increase whereas negative news keeps decreasing the price or causing it to be stationed at a place for so much long without any changes. For instance, bitcoin price has been hovering around $28k to 30k for long now this could be as cause of strong effect of news or possibly selling action being carried by traders.

[lixer]

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.

The reason behind that is that a very large number of people depend on these news channels and the authorities to be able to take a step and they can't do it themselves, they believe that what these entities say is actually the truth and not what we see and learn. If news channels start going against Bitcoin and show it negatively to the public, I'm pretty sure that a lot of people will react to that, and people in large quantities will start selling their assets right away.

This is the reason why the cryptocurrency market is so sensitive to any news whether positive or negative. This thing has decreased heavily since the beginning because it used to be even more sensitive before but nowadays, the reactions are not that severe and the market doesn't take that big of a hit from these news and stuff.

[Sim_card]

Bitcoin price movement can be affected by news because if there is good news from the government on bitcoin then the price will pump since more people will buy bitcoin and if there is FUD on bitcoin the price will dump,since more people will panic and sell their bitcoin. However there is the most noticeable even of bitcoin that caused pump in bitcoin price with news or without any new which is the bitcoin halving. The moment SEC approves ETF bitcoin we will see a rise in the pump of bitcoin because this is good news to cryptocurrency.

[Franctoshi]

Initially, when I started my journey as a trader I was not taking news events as seriously as the way I see them today because I'm a full-time Technical Analyst until the last year 2022 when I saw the massive impact that news has on moving prices, News events such as the FOMC meeting, and interest rate data reports, maybe some negative or positive news in the crypto space like we witnessed last year with Luna crash and FTX collapse.

[Yamifoud]

Initially, when I started my journey as a trader I was not taking news events as seriously as the way I see them today because I'm a full-time Technical Analyst until the last year 2022 when I saw the massive impact that news has on moving prices, News events such as the FOMC meeting, and interest rate data reports, maybe some negative or positive news in the crypto space like we witnessed last year with Luna crash and FTX collapse.

That is how it changes the market trend and it influences a lot which a trader must have to look at and consider when to buy and when to sell.
This will imply how important to take the news as a part of a Technical Analysis. And that is why we can't compare the past, whatever happens before we can't expect it to happen today and in the coming years because the market sentiment changes from time to time and also the behavior of investors.
Indeed, the Luna scam issue has a huge negative impact on the market, and definitely, we can still witness the same scenario someday.

[bitterguy28]

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

News will always bring impact to the marekt , either it will be having FUD inside or legit news,
always people seeing it a place where they can charge the market , from investing to taking out their funds.
so I believe that news such this has one of those mention characteristics .

Bitcoin price movement can be affected by news because if there is good news from the government on bitcoin then the price will pump since more people will buy bitcoin and if there is FUD on bitcoin the price will dump,since more people will panic and sell their bitcoin. However there is the most noticeable even of bitcoin that caused pump in bitcoin price with news or without any new which is the bitcoin halving. The moment SEC approves ETF bitcoin we will see a rise in the pump of bitcoin because this is good news to cryptocurrency.

not just from the government but also from influential people that has big investments and circulating supply inside their pocket.

[YUriy1991]

Well, talking about the role of the media, of course, has a correlation and it has an impact not only on the price of BTC. But, other investment asset components as well. Even though today the market tends to be green, some market analysts still see that the brightness of Bitcoin is still temporary, because investors tend to invest in the short term.

In my view, at this time Bitcoin will still sell in the price range of US $ 30,000-US $ 29,000. the reason is simple because Bitcoin volatility still tends to be high, meaning that global macroeconomic conditions are still stagnant. So, one more thing, as you said above, the Fed also determines the speed and means of achieving this goal.

[GeorgeJohn]

We have what triggers bitcoin getting increased to a particular point and also get decrease, what can stop bitcoin or affect the chances of bitcoin increasing and chances of decreasing and people will get astonished or be wandering while is bitcoin that increased a moment now is getting decreasing, so it's as result of negative information passed across concerning bitcoin, so I believe that bitcoin bitcoin that demand and supply of the gravity of this two things can affect the chances of bitcoin getting decrease neither getting increased, that is while we always emphasise on a particular point that bitcoin price is not predictable because the market can change at any point in time.

[Sebas.tian]

I agree with you that news affect Bitcoin price positively or negatively in the market which we have seen last year 2022, which the news came through the researchers that the price of Bitcoin and cryptocurrencies price will dump through out the season, which it happened through out the year to allowed both long term holders and short term holders to used the advantage to buy a huge amount of coins and hold for this season. Since the price of Bitcoin has increased to $30,000 early this year before it decreased to $29,445 few hours ago, show that new price will break out before the end of this month for the price to hit $40,000, so that holders will have the confident to start releasing their Bitcoin for profit making in the market.

[RewFrew]

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.

Yes i also think news impact on price. News play important role in market price there has no doubt. Some days ago we saw ripple won the case and then ripple price huge pumped within short time. And when El Salvador accepted Bitcoin as national currency then bitcoin price huge pumped. I think news is big matter for cryptocurrency market. When FOMC meeting held then We saw Bitcoin price huge up and down. If we saw positive news then Bitcoin price huge pumped and when news were negative then Bitcoin price huge dumped. Now Bitcoin price is near about $29k stable from some days, if we saw any positive news then Bitcoin price will go up otherwise we will see it will go down. So we have to wait for positive news who are invested on bitcoin. Overall considering we tell News play big role on Bitcoin and cryptocurrency market there has no doubt.

[GeorgeJohn]

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.

Actually you are perfectly correct, because its a news that determine the increment of bitcoin and decrement of bitcoin,  from my first comment I made here that is what I portray very well, so I believe many people will not understand especially newbies that negative information concerning bitcoin can make the market to against the wish of the market, some people doesn't develop the interest to buy any cryptocurrency when their is a negative information that concerns bitcoin degradation in value and the investors will like to watch and understand the movement of the market before going into it, but some people doesn't believe agree in such and they will invest, at a point they will run out of profits because the market might continue to go low, so I believe that bitcoin market is very strength forward something and two things can trigger its rising and falling

[uswa56]

I agree with you that news affect Bitcoin price positively or negatively in the market which we have seen last year 2022, which the news came through the researchers that the price of Bitcoin and cryptocurrencies price will dump through out the season, which it happened through out the year to allowed both long term holders and short term holders to used the advantage to buy a huge amount of coins and hold for this season. Since the price of Bitcoin has increased to $30,000 early this year before it decreased to $29,445 few hours ago, show that new price will break out before the end of this month for the price to hit $40,000, so that holders will have the confident to start releasing their Bitcoin for profit making in the market.

But this news doesn't always have a positive impact or is in line with what's happening in the market, especially news about price speculation from experts, I think a lot of it misses, but for news about the world's finances and economy it has quite an effect on Bitcoin price movements, both it positively or negatively.
I don't believe in the price of $ 40,000 at the end of this month, many experts have predicted this since a few weeks ago, but in fact until now the price of Bitcoin tends to be stable, always at a price close to 30k.

[19Nov16]

If we pay attention to the current market conditions, it certainly makes us have to be patient, leaving bitcoin for a moment and doing other activities such as camp or to the beach is a thing that can make us not too dizzy with the current price conditions, it is natural that many predictions that the increase will begin end of the year or still about 3 months.

[_BlackStar]

If we pay attention to the current market conditions, it certainly makes us have to be patient, leaving bitcoin for a moment and doing other activities such as camp or to the beach is a thing that can make us not too dizzy with the current price conditions, it is natural that many predictions that the increase will begin end of the year or still about 3 months.

Hmmm - even you don't have to go anywhere if you are a long term investor. You only need to do the routine as usual while continuing to ensure the security of your storage wallet remains safe. I don't think long term investors in bitcoin should be concerned about market conditions all the time - of course that's not good for your mental and psychological health.

You know - long term investors tend to expect passive income on the assets they invest. Let the market work as it should - you just have to be patient and wait for the best time to take profits. After all you can set a selling price for your asset if you actually hold it on an exchange ^{[not recommended],} but for safety advice - you should just store it in a non-custodial wallet while waiting for the price to settle with you.