“Fed Beige Book warns of ‘surging’ oil prices” has topped trending searches across the web, and $BTC , which is affected by the Fed, has also been mentioned.
For a hot topic to influence prices, it has to pass through three stages:
① Attention: Does the community join the discussion?
② Trading: Does trading volume increase?
③ Staying power: Can the topic last for a day or two?
$BTC is currently priced at 81696.01, down 1.98% over 24 hours. Only when it passes all three stages can it be considered a genuine correlation. If it only reaches the first stage, the buzz often fades quickly.
Hot topics can bring liquidity, but they can also amplify volatility.
#BTC
For a hot topic to influence prices, it has to pass through three stages:
① Attention: Does the community join the discussion?
② Trading: Does trading volume increase?
③ Staying power: Can the topic last for a day or two?
$BTC is currently priced at 81696.01, down 1.98% over 24 hours. Only when it passes all three stages can it be considered a genuine correlation. If it only reaches the first stage, the buzz often fades quickly.
Hot topics can bring liquidity, but they can also amplify volatility.
#BTC