Important market factors that impact of cryptocurrencies || Steem Alliance Community.
Hello Everyone,
Good evening everyone, how are you, i hope you all are happy and good. By the grace of God, i am also good. Today i am here with new post in which i am going to talking about some Market factors that impact on crypto currencies.
The recent price jump to $45,000 and then drop to $40,000 might be because of a few things happening together. People were excited about the possibility of certain financial products being allowed and important folks talked about how they might change interest rates. Some people also thought about how a specific event might affect things and there could have been some tricky moves by big players in the market.
Looking ahead, it is still important to keep an eye on 39750$ to 40100$ zone. if it will break then big changes will occure. with the TA, it is also necessory how new technology and big organizations are getting involve and how cryptocurrencies are going up or down.
Knowing about these things can help folks who invest in cryptocurrencies make smarter choices. But since the market can be very uncertain. It is a good idea to be careful and not put all our money in one place. Diversifying or spreading out our investments is a safer approach.
Some major market factors that make the causes of price manipulations.
Bitcoin halving is the biggest factor to reduces the rate at which new coins are created. historically has impacted prices due to the supply reduction.
Emotions (Greed and Fear) of trader play a significant role. Large Investors or 'whales' can exploit their influence to create artificial pumps or dumps.
Positive sentiments about future developments, regulatory changes, or technical development can lead to bullish trends and negative sentiments can induce bearish movements. Government regulations, statements from regulatory bodies, and potential legal changes can heavily impact crypto prices.
Upgrades to blockchain technology or improvements in security or utility of cryptocurrencies can drive market movements. By Increasing the involvement of banks and big institutions can significantly affect market dynamics.
What you think about steem in future and what is your plan in future about steem. It would be my pleasure if you will share your opinion and reviews about steem price and cyrrent market situation of steem.
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