Indeed, the prices of cryptocurrencies can be significantly impacted by news and events. Price increases can result from good news like adoption by well-known corporations or governments, while price decreases might result from bad news like regulatory changes or security breaches. The markets for cryptocurrencies are very responsive to news since they are frequently influenced by mood and outside influences.

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.

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.

Yes, events like burning of coin, creating new tools for block chain and selling of coins affect the Price of cryptocurrency.

Due to increased supply and decreased demand, when a sizable number of coins are sold quickly, the price may be under pressure and price decline. When significant investor (whales) decide to sell off sizable amount of their assets: A dramatic decline in price might result if a prominent holder of a certain cryptocurrency decides to sell a sizeable portion of their coins on exchanges while purchasers struggle to absorb the additional supply.

Burning coins is purposefully removing some of cryptocurrency supply from circulation. If demand remains the same or rises, this could lead to the shortage and a possible price hike. The well-known example is Binance Coin BNB: Periodically, Binance carries out token burns in which a percentage of the BNB tokens are permanently taken out of circulation. If demand is still high despite the reduced supply prices may rises.

The cost of the cryptocurrency linked to a blockchain can change when new features, updates, or tools are added. Positive changes could increase the currency usefulness and acceptance. The best example is Ethereum: Positive feedback was received when Ethereum unveiled its Ethereum 2.0 upgrade, which promises to increase scalability and energy efficiency. This improvement might draw additional users and programmers, which could lead to a rise in price.

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.