Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?
News are actually affecting the situation on the market, especially the onew related to banning crypto in Asian countries and imposing regulations by the US and European states.
Remeber the recent hype connected with btc ETF? People prepared for the hype, everybody was sure that ETF would influence the price of bitcoin (and consequently other alts).
It's not the human stupidity, but psychology which is the cornerstone of crypto trading.