Steemit Crypto Academy Contest / S11W04 - Cryptographic News And Events

Hope you all are doing well and good and enjoying the best days of your life. This is me @shahid2030 from Pakistan and you are here reading my post. You all are welcome here from the core of my heart.

This is my participation in a contest Cryptographic News And Events organized in SteemitCryptoAcademy by @crypto-academy.

It's a great honor for me to be the part of this beautiful contest. I believe it's too much Important for us to know about it, at the same time I feel lucky myself to get hold about crypto and know the best about the things asked in this contest. Here I will try my best to guide the people through my blog and tell them what is the relation between events and markets movements. So let's get start.

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Ofcourse news has a great influence on the prices of crypto currencies. It do effects the market. Cryptocurrency markets are highly sensitive to news: things like regulations, technological developments, partnerships, security breaches, and macroeconomic trends have great influence here. A good news bring a positive change (Up ward) in the market while a bad news effects the market negatively.

A news either Leads to a FOMO or FUD in the market. It means it will either gain the trust of the people or will make them afraid, and ofcourse if the buyer are confident the market will move up, or if their is fear amoung the traders, the market will go down. This market is less regulated compared to the traditional market, that's why it can be greatly effected by news.

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Before investing in crypto market, one should have complete technical and fundamental knowledge. He must be expert in these two. Let's see some major difference between Fundamental and Technical analysis.

These both have a great influence on market movement. If the Fundamentals Analysis and Technical analysis both give the same results then the direction of the market is very clear. We should be clear about the next move of the market, but if the situation is different then I will go with fundamental option. It's the fundamentals news that drive the market along.

These events such as selling coins massively, burning, creating new tools for a blockchain have great effect on market. These are the strongest fundamentals which drive market along with it. Let me explain these three in short and brief way one by one.

Burning Of Coins: This is a positive news and it results in increase in the price of that crypto currency. Let me give an example of Shib. Back in 2021 Vitalik Buterin made the biggest burn. He received 50% of all SHIB tokens. A total of 500 trillion SHIB. He burned 410.24 trillion SHIB. It results in huge pump in the price of Shib.

Selling Of Coins Massively: This happens in the market sometimes too. Recently the crash due to LUNA is the example of it. Terra Luna stable coin UST was spelled at a huge quantity, which leads to LUNA crash it's price. It effects Bitcoin too, and took Bitcoin to $15k price range, which is the lowest in past few years.

Creating new tools for a blockchain This is ofcourse a positive news too. It improve the price of a crypto currency. Such advancement increase the trust of people on that coin.

I remember a news from Tesla company. I think it was back in 2021 Elon musk Twitted " We will not accept Bitcoin as payment method for Tesla". You may see the news here in screenshot, plus Elon's tweet on Twitter.

This news greatly effected BTC price and it dump from $64k level to $28k in just one day. This was a massive crash. Many of my friends lost their capital in it.

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Yes I believe manipulation is too much in this market than any other traditional market in the world. The whales do this job. They have proper manipulation scheme of pump and dump. In dump they do short sell their capital and in pump they go for long one. Remember they do it with proper planning and cordination. They spread false information or creating fake news to influence market sentiment.

Luna crash is the living example of it. The UST was sold in bulk quantity to depatch it's price. For bringing it to it's normal price Do Kwan had to sell his reserves in BTC. Selling of BTC in that much great amount also increased a sell pressure in market. It causes a crash in BTC price.

However, must keep in mind that manipulation can't only be caused through proper planning, infact some other factors such as technological development, market sentiments, macroeconomics trends and regulator changes can cause it too.

This is all about my today's post, I hope you enjoy reading. You can make my research correct if I have said something wrong. See you soon with a new amazing and interesting topic till take care.