Can crypto news impact the Bitcoin value, seems to a reverse question at the first glance, because it is the Bitcoin value that often impacts the entire crypto market. However, going by the exact relation, yes, crypto news also impacts the Bitcoin value and that too very heavily. Actually all this world of cryptocurrency network is an interlinked one with one affecting the other. The effect is often fast and significant, and also not restricted by any geographic boundaries. A new law with respect to the crypto market in the USA will at once affect the Bitcoin value in Taiwan. So the question is not “Can” but “How” the crypto news impacts the Bitcoin value.
The Impact of Crypto News on the Bitcoin Value
If we see from a more holistic viewpoint, inflation rates, economic indicators, growth parameters, everything tends to affect the Bitcoin value. And the maximum effect happens, when there is some news about some crypto, related or unrelated, in any part of the world. And probably that is the reason which makes the crypto world so volatile, especially Bitcoin, as all the eyes are fixed on it.
Bitcoin is a small market: Although the largest cryptocurrency, still, as compared to fiat currency, Bitcoin is a small market. And so even small amount of money news involved in the overall crypto market, can impact the price of the Bitcoin, or the Bitcoin value.
Bitcoin is a crypto leader: We all know that there are hundreds of cryptocurrencies, but Bitcoin is the king. All look forward to Bitcoin for a pattern or a price trend. So even a small crypto news, is actually usually a ripple from the Bitcoin giant, and then it is reflected back again to Bitcoin to impact the value of the currency.
Bitcoin is the majority stakeholder: If we go by market cap figures, again Bitcoin ranks highest. So any news in the crypto market, tend to affect the price of the Bitcoin first, before it is seen on any other smaller cryptocurrency.
Demand and Supply: All crypto news relating to speculated demand and supply of cryptocurrency as a whole creates an urgency by the maximum amount in Bitcoin. This is because, it is the market leader, and the stakes involved are also high. As such the Bitcoin value gets impacted.
So altogether, there are many reasons that can change the Bitcoin value, crypto news being one of the top triggers among the many. And to first get this news in advance, and then quickly come up with a strategy to gain the best out of the new scenario, and then to ultimately execute that strategy, is what experts call the actual game play. Many companies, like executium.com, are emerging rapidly to help investors gain insight on such parameters. Executium.com not only stops there, but it also then devises plans to build portfolios for customers based on the latest crypto news and how that impacts the Bitcoin value.