If bitcoin has taught me anything is that good news don't necessarily correlate with price increase.
"Buy the rumor, sell the news".
golden and many people are still hoping for such news and ignoring the reality.
Why isnt the official launch of BAKkT driving btc prices up but instead its going the opposite way?
Are investors afraid of a massive dump coming up or what are the possible reasons there isnt any traction for BTC price ?
Many of the news's assumptions are related to the price of bitcoin, although in the end it does not affect anything at this time of the downtrend. This is why bitcoin cannot be predicted from just news. because there are many moments like this and still do not have a significant impact to crypto market.