“US stocks broadly closed lower; Apple and Microsoft hit new highs” trended online, and $BTC , which is linked to US stock movements, was mentioned as well.
For a hot topic to affect crypto prices, it has to pass three checks:
① Attention: Does the community join in the discussion?
② Volume: Does trading volume increase?
③ Persistence: Does the buzz last for a day or two?
$BTC is currently priced at 83300, up 1.41% over 24 hours. Only when it passes all three checks can the impact be considered effective. If it only makes it through the first step, the excitement will probably fade quickly.
When buzz and price movements don’t move in sync, that’s worth paying closer attention to.
#BTC
For a hot topic to affect crypto prices, it has to pass three checks:
① Attention: Does the community join in the discussion?
② Volume: Does trading volume increase?
③ Persistence: Does the buzz last for a day or two?
$BTC is currently priced at 83300, up 1.41% over 24 hours. Only when it passes all three checks can the impact be considered effective. If it only makes it through the first step, the excitement will probably fade quickly.
When buzz and price movements don’t move in sync, that’s worth paying closer attention to.
#BTC