Imagine sleeping while the crypto market moves billions of dollars. This happens often. The total crypto market can gain or lose over 5 to 10 percent within hours just because of news. Crypto markets react instantly, unlike traditional finance.
A single update in cryptocurrencies news can influence millions of traders worldwide. For example, strong bitcoin news has previously moved Bitcoin by over 8 percent in one day. Positive updates create excitement and buying pressure, while negative news spreads fear and causes quick sell offs.
Bitcoin usually leads the market. When Bitcoin moves, nearly 70 percent of other cryptocurrencies follow the same direction. That is why people who follow trusted crypto news from platforms like Coinography understand market moves better instead of guessing.
For beginners, simple crypto news makes learning easy. Clear updates help people understand why prices change.
If news can move billions overnight, are you really following the right crypto source to stay ahead?
Here is the thing, I might not care about many crypto related news like Elon Musk's Tesla doesn't accept Bitcoin payments and so on, I wouldn't care about it because I use Bitcoin for the technological benefits that it brings in modern world but here is the thing, when you have invested money in Bitcoin, you shouldn't weight news according to how it matters for you, instead, you should think like others think. When a very bad news appears, too many people start panicking and the price drops. If you want to maintain your profit, you have to join the rally because others' actions decide the fate of the price. Then, when I, you and other people start selling, it drops further and so on.