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?
You've mentioned the effect first and then the reason while it should be the other way around. Bad news and FUDs are the reasons for the negative effects on the market. There may be some news websites that posts bad news when the market goes down and vice versa. But it is because these websites catch up to the trend a little late when the effect is already present in the market. But if you follow major news websites like CNBC, CNN money, Yahoo Finance etc, you will see a different dynamics of the market.