Steemit Crypto Academy Contest / S11W04 - Cryptographic News And Events
Cryptographic News And Events
For example
Positive impact
Imagine ABC Coin announcing a strategic alliance with a renowned tech firm. The story spreads on social media, traditional and cryptocurrency news websites. This collaboration is viewed as a significant step in expanding the use of ABC Coin in practical applicationss. The result will be:
Traders and investors become enthusiastic about ABC Coin potential development and utility.As more people desire to invest in ABC Coin, demand for it rises.The price of ABC Coin rises briefly as a result of the increasing buying demand.
Negative impact
Now Imagine that ABC Coin will be subject to tougher controls. Investors are left uncertain and terrified by this news.Investors are concerned that the new rules may restrict the use or exchange of ABC Coin.
If the regulations have a detrimental effect on the market, some investors choose to sell their assets to prevent prospective losses.
The price of ABC Coin rapidly drops as a result of increased selling pressure.
The price of an asset, including cryptocurrencies, is greatly influenced by both technical and fundamental analysis. However, depending on the state of the market & the particular asset in question, the degree of impact may changes.
Technical analysis
In order to predict future price changes, technical analysis examines price charts , trends, volume & other market data. It is more concentrated on market psychology & historical pricing information.When using technical analysis to make short-term trading choices, traders frequently look for trends,support & resistance levels & indicators. As traders react to chart patterns and technical signals, technical analysis can cause sudden price changes.
Fundamental analysis
Fundamental analysis focuse on determining an assets inherent worth based on underlying variables such business financial, monetary indicator, market trend, and current event. Fundamental analysis in the context of cryptocurrencies may entail evaluating elements like as technology, acceptance, collaborations, regulatory developments, and macroeconomic trends.
Massive selling of coins
Burning of coin
Creating new tools
One of biggest news that effected the cryptocurrency market was Announcement of Tesla investment in bitcoin.
Tesla, the electric vehicle manufacturer company run by Elon Musk, disclosed in a filing with the US Securities and Exchange Commission SEC in 2021 that it had bought about $1.6 billions worth of Bitcoin and intended to eventually accept it as payment for its goods. This news had significant impact on the bitcoin market in a number of ways:
- After the announcement,a rapid increase in price of bitcoin was observed.The price rise from about 39000$ to 44000$ approximately.
- This news increased the interest of public in crypto currency.
- Other companies and retail investor also participated in investment.
Yes, like conventional financial markets, the bitcoin market is susceptible to manipulate.To artificially inflate or deflate the price of item in order to acquire an unfair advantage or profit,this practice is known as market manipulation. Because they are still relatively new and have less rules and regulations, cryptocurrency markets in particular are prone to manipulation.
Any system where rewards are connected to the users behavior & interactions manipulation can be occur . It is essential to maintain the community Vigilance's, transparent governance, and continual platform rule and mechanism improvements in order to prevent manipulation and guarantee a just & thriving environment to the public.
I will invite
@goodybest
@isha46
@isfatema
@yancar
You've provided a comprehensive analysis of how news and events impact cryptocurrency prices. Your explanations about positive and negative impacts, technical vs. fundamental analysis, and examples of events affecting prices are well-presented. Good job!
I briefly describe everything thank u
Welcome 🤗
Saludos cordiales estimada amiga isha-rehman, muchas gracias por la invitación a este interesante reto, estaré preparando mi entrada en los próximos días.
Actualmente todo mercado financiero y de criptomonedas reacciona a evento y noticias externas, como indicas este impacto puede ser positivo o negativo según sea la información.
Buena participación, te deseo éxitos y bendiciones.
Thank u I'll definitely read your entry
Your take on technical versus fundamental analysis was a great read. I loved how you broke down technical analysis and its focus on charts and trends. I wish you the very best in this contest! 😊
Thank u 😊 I have also read yiur different articles you have great writing skills
Thanks for the appreciation. 🙂
TEAM 1
Congratulations! This post has been upvoted through steemcurator04. We support quality posts, and good comments anywhere with any tags.Hello! Your post provides valuable insights into the impact of news and events on cryptocurrency prices. It's interesting to see how both positive and negative news can significantly influence the market. Keep up the good work!
You've done a great job explaining how news and events affect cryptocurrency prices, the impact of technical and fundamental analysis, and examples of events that influence prices. Well done!
A medida que vamos estudiando vamos aprendiendo y nos vamos llenando de mucho conocimiento sobre estos temas criptográficos, pudiste aprender y explicar para nosotros lo que significa las noticias en el mundo de las criptomonedas y el efecto que pueden tener.
También los tipos de manipulaciones que hay en el criptomercado Y de qué manera podemos nosotros evitarlos felicitaciones por tu gran esfuerzo buena investigación.
Saludos éxitos y bendiciones
Thank u
Hola Isha 😊
Y pensar que Elon lo volvio a hacer solo hace unos pocos dias, que por eso es que vemos todo el mercado en rojo incluyendo el del steem, que esperamos que suba pronto y todo vuelva a la normalidad.
La manipulacion del mercado me parece algo muy triste, pues quienes mas nos vemos afectados somos los que estamos empezando en este mundo.
Te deseo exitos en tu participacion
Thank u
you have shared very useful information that how positive and negative news can effect prices of cryptocurrency in a positive and negative way respectively according to the type of news you have also successfully interpreted and explore and example regarding the Crypto news that have a significant impact on Crypto world in reality
I wish you good luck in your participation in which you tried to participate and give your maximum
Thank u for the appreciation