You are viewing a single comment's thread from:

RE: Steemit Crypto Academy Contest Season 11 Week 04 - Cryptographic News And Events

Assalamualaikum! News can indeed influence cryptocurrency prices. Various factors like market sentiment, adoption, and technological advancements play roles in shaping cryptocurrency values. Both technical and fundamental analysis impact prices, as each provides unique insights into market trends and asset attributes. Events like coin sales, burning, and new tools can affect prices by altering supply-demand dynamics. For example, MicroStrategy's Bitcoin investment positively impacted Bitcoin's value, illustrating how market actors can drive change. The cryptocurrency market can be manipulated due to its lack of oversight, with whales, misinformation, and disinformation campaigns affecting prices. It's important to establish mechanisms for fair trading practices and transparency.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 60675.01
ETH 2605.91
USDT 1.00
SBD 2.64