RE: Steemit Crypto Academy Contest Season 11 Week 04 - Cryptographic News And Events

You are viewing a single comment's thread from:

Steemit Crypto Academy Contest Season 11 Week 04 - Cryptographic News And Events

in hive-108451 •  last year 

Assalamualaikum! News can indeed influence cryptocurrency prices. Various factors like market sentiment, adoption, and technological advancements play roles in shaping cryptocurrency values. Both technical and fundamental analysis impact prices, as each provides unique insights into market trends and asset attributes. Events like coin sales, burning, and new tools can affect prices by altering supply-demand dynamics. For example, MicroStrategy's Bitcoin investment positively impacted Bitcoin's value, illustrating how market actors can drive change. The cryptocurrency market can be manipulated due to its lack of oversight, with whales, misinformation, and disinformation campaigns affecting prices. It's important to establish mechanisms for fair trading practices and transparency.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!