Hello, everyone. Tell me, what can you say about the cyclical nature of the cryptocurrency market and news that this correspond to? I came to the conclusion. When the market falls, we can see only bad news about different prohibitions, regulations and wallet break-ins. Conversely, when the market grows, the media screams about how well it is developing, about different releases, updates, successes and plans for the future.
Who that thinks about this?
Market is cyclical because it is firstly highly related to bitcoin that is an speculative asset (today) governed by the rules of FOMO and FUD along with greed and fear. It will eventually mature once value becomes more clear.