Ahzam has joined Proof as Head of Quantitative Research.
Shorter timeframes follow sentiment, while longer timeframes follow trends. This news mainly affects shorter timeframes.
Information like this is more of a reference point and is unlikely to move prices much in the short term.
$DRIFT (24h -0.17%). Do you think institutions might use this opportunity to make a move?

Just my personal take; I may be wrong, so take it with caution.