The crypto markets are not listening to the outside world news

[SuperCrypto 7193]

 

Coins are affected by news all the time, to the point that news analysis companies are now important drivers of stock values and commodity prices, with their highs and lows. However, can we say the same thing about the crypto market? Are they affected by global events, political developments and economic indicators?

The answer is no and yes. In the short term, digital currency markets and prices do not respond, for example, to the US announcement of trade tariffs, or the publication of a large country by its weak economic data. However, the overall growth of cryptocurrencies, especially in 2017, was and still is one of the causes of macroeconomic conditions, such as the spread of low interest rates and high availability of credit.

In other words, while it cannot be said that digital currencies do not respond to any of the global economic or political news, their growth as a whole can be said to be one giant response to the current state of the global economy.

[BTC Future 3946]

I think that short term Bitcoin price is greatly affected by news. There are trading bots connected with news websites and indexes, that react instantly to certain words and certain numbers changing. 

It is not actual people but programmed bots that are creating high volatility.

[PiroSense 2681]

2 hours ago, SuperCrypto said:

In the short term, digital currency markets and prices do not respond,

They do respond, just not naturally but artificially manipulated by whales, bringing FOMO alongside with such political news. Remember that initial spike after the breaking out of false positive news about Iran selling a Bitcoin for nearly $20k, after the assassination of their military general? Such news still affect the prices, it's just that it's more short-lived and mostly just manipulation.

[bliznec 22267]

News does not contribute exactly to the price, but promotion helps a lot. Since the news, people learn about cryptocurrency. 

[Opinder 1310]

Crypto is private but still affected by global events. For example in crisis it start rising because at the time of crisis due to shortage of funds, people take the support of crypto and it boosted. 

[Satishmolankar 1703]

In my thinking crypto currency are effected by outside news also because see in the market if this news comes that any one scam people in Bitcoins this will effect to the bitcoin and market dump why

[SuperCrypto 7193]

12 hours ago, bliznec said:

News does not contribute exactly to the price, but promotion helps a lot. Since the news, people learn about cryptocurrency. 

Economic news is the biggest driver of the market and economic news traders know from the news whether the currency is weakening or strengthening and this leads to influencing their trading decisions.

[BTC Future 3946]

I think that what we should be following is actually rumours. Thats where the profit is. You buy the rumour and once it becomes actual news you sell with a large profit. Buying the news can be tricky and most of the times these news are already priced in. So better be careful.

[bentayebsalah 2280]

World news greatly affects, for example, China's decision to prevent Bitcoin in the past to make it come down significantly after Bitcoin managed to reach the price of 20K dollars

[Pearls Before Swine 815]

Most crypto news sites are poorly run and the articles they write amount to hype pieces.  That's why I don't follow crypto news media anymore, and the mainstream media isn't much better. 

 

I would say that rumors can affect the price of bitcoin (and altcoins, too), though those rumors don't have to originate in the news.  But I'd agree that bitcoin seems to be pretty resilient to what gets reported in the news, and it also doesn't react to every little political or world event.

[Shahud 1319]

Crypto market not depend on any outside a new that comes every day in thr market..it has its own news forums by which they publish the correct news to the people to avoid any misunderstanding

[SuperCrypto 7193]

13 hours ago, actionjaction said:

I imagine that the present moment Bitcoin cost is significantly influenced by the news. There are exchanging bots associated with news sites and lists, that respond in a split second to specific words and certain numbers evolving. It isn't real individuals however customized bots that are making high unpredictability.

Information technology innovations have expanded the reach of financial and economic news and increased their circulation dramatically. News agencies that broadcast news directly, such as Reuters and Bloomberg, process information and broadcast it immediately to spread among a growing group of market participants.

[artems2 1]

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[pakjobhelp 1585]

Crypto Currency Handling:-

When first time the crypto currency ideas presents then words use free control mean to say crypto currency control its user. In this way the crypto currency is effected due to its own user and effected with outsides news and market. It is fully up and down with its user.

[Afrizal rahman 2636]

Yes, I think digital currency can be affected or not. But if we associate it with politics I don't think so, even the so-called Digital Currency is not regulated by anyone and it moves based on demand and supply.

[SuperCrypto 7193]

On 1/14/2020 at 5:25 AM, emonkhan3 said:

"It isn't real individuals however customized bots that are making high unpredictabilityNo, crypto markets do not generally interact with any type of geopolitical or breaking news outside the crypto world."

Many see that bitcoin has become a safe haven for capital like gold. With the rise in the price of bitcoin, analysts believe that investors resorted to bitcoin as a safe investment and the demand for it increased, which negatively affected the value of gold.

[SuperCrypto 7193]

10 hours ago, Loly said:

Follow the news of cryptocurrencies and some industry influences Follow the accounts of influencers in the crypto market, and follow the cryptocurrency news because it will keep you informed about what is going on in the market. 

Just a dose of optimism for those in his heart who doubts the future of crypto, here is one of the positive news in the world of digital currencies .. The largest electronic store in Switzerland “Digitec Galaxus” announces the acceptance of digital currencies in two locations (Digitec and Galaxus).

[SuperCrypto 7193]

12 hours ago, Loly said:

When transmitting the news, confidence can evaporate at any moment as a result of the fragility of the audit process, which ensures the completion of transactions, and the digital currency can stop completely, which means a complete loss of value.

Just. However, the reasons this time are very different, and the meaning is the same. In the event of uncertainty arising from the tension between Iran and the United States, the value of reserve assets such as gold or BTC will likely raise prices because major investors are looking for a way to avoid political risks.

[DavCrypto 298]

Earlier Bitcoin rose and the reason behind this increase in the value of Bitcoin, it is the great demand for this currency in China, as a result of the escalating trade war between Washington and Beijing.

[Lilang 2]

Outside news can affect the digital market in a negative as well as positive way so they do not listen or compare on external news to protect it y They only deal with the supply and demand of the currency in the market.

[SuperCrypto 7193]

6 hours ago, Hanhassie said:

The cryptocurrencies market are now strong that the outside news's does not affect them a lot not like before

Finding such correlations between the general situation and cryptocurrencies is more difficult, even if Bitcoin prices and alternative cryptocurrencies are affected by news specifically related to cryptocurrencies (in the event of a security breach, for example).

[Brushless4500KV 4214]

The effect of some news in cryptocurrency value is not permanent. When a new project or a new statistical data about a country's economy is announced, the prices may go up temporarily but when there is no more related news in the following days, the prices will go down again. Only crypto users who take news seriously, will act according to news. I think traders and whales are most influencing people on the value of cryptocurrency.

[CryptoMaxim 3829]

Usually, markets do not immediately respond to news only if the news is fleeting. If not, then the reaction is the same.

[SuperCrypto 7193]

6 hours ago, Wizkidda said:

In my philosophy crypto currency are effected by outside news in addition for the reason that go with in the advertise if this news comes that any one fiddle colonize in Bitcoins this will impression to the bitcoin and sell finish with why
 

It is not difficult to find examples of the impact of traditional equity markets on global events. For example, when US President Donald Trump announced trade tariffs on aluminum and steel imports, the Dow Jones Index fell by 400 points, but finding these correlations between general position and cryptocurrencies is more difficult.

[Roomi 1119]

On 1/9/2020 at 2:31 PM, SuperCrypto said:

 

Coins are affected by news all the time, to the point that news analysis companies are now important drivers of stock values and commodity prices, with their highs and lows. However, can we say the same thing about the crypto market? Are they affected by global events, political developments and economic indicators?

The answer is no and yes. In the short term, digital currency markets and prices do not respond, for example, to the US announcement of trade tariffs, or the publication of a large country by its weak economic data. However, the overall growth of cryptocurrencies, especially in 2017, was and still is one of the causes of macroeconomic conditions, such as the spread of low interest rates and high availability of credit.

In other words, while it cannot be said that digital currencies do not respond to any of the global economic or political news, their growth as a whole can be said to be one giant response to the current state of the global economy.

Yes i am agree with your opinion, as i have also seen in year 2017 bull run, crypto market was pumping and dumping just on news. When there was good news prices up and when bad prices go down.