I think there is a multitude of factors at play, as there always is. Everyone is always looking for explanations for price movements, particularly in this bear market. The reality is the crypto market is in its infancy, it is not a fully developed market like the stock market and as a consequence, price sensitive factors are not so obvious. I really think at the moment the market is dominated by algorithmic bots that trade off key metrics, does that coincide with news stories? Yes, but that I believe that to be more coincidental than anything.
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