Did you know that the media directly contributes to the FUD-FOMO cycle? Learn more about how the news can have an impact on crypto prices in this infographic!
The cryptocurrency market is volatile. Since Bitcoin’s launch in 2009, the original cryptocurrency has seen dramatic price fluctuations from the lowest lows to the highest highs. There are many factors that influence Bitcoin’s price and it’s a little more complicated than simple supply-demand economics. Why? The demand itself is harder to measure compared to other markets. However, when we look back over the past decade, it’s clear that investor sentiments tended to reflect what was happening in the news.
Let’s take a closer look at the relationship between major crypto news and Bitcoin’s price in this infographic: