Whether trading volume has increased noticeably before or after the announcement is the most direct way to judge its impact.
Take this news item: The requirement for exchanges to keep 99% of assets in cold wallets is proposed to be raised, as South Korean financial authorities discuss an adjustment; $BTC (24h -0.54%), trading volume: 1.126 billion.
News like this, which provides background context, is unlikely to move prices much during the day.
Take this news item: The requirement for exchanges to keep 99% of assets in cold wallets is proposed to be raised, as South Korean financial authorities discuss an adjustment; $BTC (24h -0.54%), trading volume: 1.126 billion.
News like this, which provides background context, is unlikely to move prices much during the day.